Sugar prices were up by 1.37 per cent to Rs 3,636 per quintal in futures trade 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 far-month December shot up by Rs 49, or 1.37 per cent to Rs 3,636 per quintal with an open interest of 13,690 lots.
Likewise, the sweetener for delivery in October contracts traded higher by Rs 18, or 0.51 per cent to Rs 3,561 per quintal in 14,180 lots.
Analysts attributed the rise in sugar futures to fresh positions created by participants following upsurge in demand from bulk consumers as well as retailers in the spot market.
Disclaimer: No Business Standard Journalist was involved in creation of this content
