 "A vendor arranges price tag over sack filled with sugar at wholesale vegetable market in Ahmedabad")
Sugar prices moved up by 0.79% to Rs 3,685 per quintal in futures market today as traders widened their positions, tracking a firm trend at spot market on rising demand from retailers and bulk consumers.
In futures trading at the National Commodity and Derivatives Exchange, sugar for delivery in far-month July rose by Rs 29, or 0.79%, to Rs 3,685 per quintal, with an open interest of 29,260 lots.
On similar lines, the sweetener for delivery in May traded higher by Rs 25, or 0.71%, to Rs 3,542 per quintal in 1,09,710 lots.
Analysts attributed the gain in sugar futures to upsurge in demand from retailers as well as bulk consumers in the spot market.
