Sugar prices were higher by 0.41 per cent to Rs 3,713 per quintal in futures trading today as traders enlarged their positions, driven by rising demand from bulk consumers in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October month rose by Rs 15, or 0.41 per cent to Rs 3,713 per quintal with an open interest of 8580 lots.
Likewise, the sweetener for delivery in July contracts traded higher by Rs 10 or 0.28 per cent to Rs 3,608 per quintal in 40,440 lots.
Analysts said the rise in sugar prices at futures trade to widening of positions by participants, triggered by strong demand from bulk consumer in the spot market.
