Sugar prices rose by 0.66 per cent to Rs 3,224 per quintal in futures trading today as participants widened their bets, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in March month went up by Rs 21, or 0.66 per cent to at Rs 3,224 per quintal with an open interest of 1,12,760 lots.
Similarly, the sweetener for delivery in May contracts gained Rs 17, or 0.52 per cent, at Rs 3,315 per quintal in 32,030 lots.
The rise in sugar prices in futures trade was mostly backed up by pick up in demand from retailers as well as bulk consumers in the spot market, market analysts said.
