Sugar prices were up by 0.66 per cent to Rs 3,502 per quintal in futures market today as speculators built up fresh positions, driven by pick-up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October month rose by Rs 23, or 0.66 per cent to Rs 3,502 per quintal with an open interest of 16,210 lots.
Similarly, the sweetener for delivery in far-month December contracts edged up by Rs 13, or 0.37 per cent to Rs 3,500 per quintal in 14,210 lots.
Analysts attributed the rise in sugar futures to fresh positions created by traders due to pick up in demand from bulk consumers as well as retailers in the spot market.
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