Sugar prices were up 0.87 per cent to Rs 2,193 per quintal in futures trading today as speculators indulged in creating positions, taking positive cues from spot market on pickup in demand.
However, ample stock position in the market on higher supplies from millers capped the rise.
At National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in October rose by Rs 19, or 0.87 per cent to Rs 2,193 per quintal with an open interest of 43,230 lots.
Likewise, the sweetener for delivery in December contracts moved up by Rs 13, or 0.58 per cent to Rs 2,266 per quintal in 19,430 lots.
Market analysts attributed the rise in sugar futures to pickup in demand at the spot market, but ample stocks in the market on persistent supplies from millers limited the gains.
