Sugar advanced 0.46 per cent to Rs 2,407 per quintal in futures trading today as speculators enlarged positions, triggered by rising demand at spot market in view of festive season.
However, adequate stocks on higher supplies from millers restricted the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in October moved up by Rs 11, or 0.46 per cent to Rs 2,407 per quintal with an open interest of 49,350 lots.
Likewise, sugar for delivery in December gained Rs 8, or 0.33 per cent to Rs 2,414 per quintal in 43,360 lots.
Analysts attributed rise in sugar prices in futures trade to rising demand form retailers as well as bulk consumers driven by festive season.
