Sugar prices gained 0.37 per cent to Rs 3,275 per quintal in futures market today as traders widened positions, tracking a firm trend at the spot market on rising demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in March gained Rs 12, or 0.37 per cent to Rs 3,275 per quintal with an open interest of 1,07,660 lots.
Similarly, the sweetener for delivery in May traded higher by Rs 12, or 0.36 per cent to Rs 3,369 per quintal in 34,980 lots.
Market analysts said widening of positions by participants driven by surging demand from retailers as well as bulk consumers in the spot market mainly attributed to the rise in sugar prices at futures trade.
