Sugar prices gained 0.49 per cent to Rs 3,066 per quintal in futures trade today as speculators created fresh positions amidst rising demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in August gained Rs 15, or 0.49 per cent, to Rs 3,066 per quintal with an open interest of 22,140 lots.
Similarly, the sweetener for delivery in September moved up by Rs 8, or 0.26 per cent, to Rs 3,140 per quintal in 8,620 lots.
Analysts said the rise in sweetener's prices was mostly due to fresh buying by speculators after demand from bulk consumers picked up in the spot market against restricted supplies.
