 "Sugar gains 0.49% on spot demand")
Sugar prices rose 0.4% to Rs 2,662 per quintal in futures trading today as speculators built up fresh positions after pick up in demand in the spot market supported by ongoing wedding season.
However, ample supplies in the physical market limited the gains.
At the National Commodity and Derivatives Exchange, March sugar rose by Rs 13, or 0.49%, to Rs 2,662 per quintal with an open interest of 22,320 lots.
Analysts said the rise in sugar prices was mostly attributed to pick up demand in the spot markets supported by ongoing wedding season but ample supply, restricted the gains.
However, ample supplies in the physical market limited the gains.
At the National Commodity and Derivatives Exchange, March sugar rose by Rs 13, or 0.49%, to Rs 2,662 per quintal with an open interest of 22,320 lots.
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Similarly, the February delivery traded higher by Rs 4, or 0.15%, to Rs 2,647 per quintal in 14,740 lots.
Analysts said the rise in sugar prices was mostly attributed to pick up demand in the spot markets supported by ongoing wedding season but ample supply, restricted the gains.
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