 "Sugar up by 0.4% on spot demand")
Sugar prices recovered by 0.36% to Rs 2,765 per quintal in futures trade today as speculators created fresh positions after demand picked up in the spot market supported by ongoing wedding season.
However, adequate supplies from millers, restricted the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in December were up by Rs 10, or 0.36% to Rs 2,765 per quintal with an open interest of 12,890 lots.
Market analysts said fresh positions were built-up by speculators after demand improved in the spot market driven by ongoing wedding season but adequate supplies from millers capped the rise.
However, adequate supplies from millers, restricted the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in December were up by Rs 10, or 0.36% to Rs 2,765 per quintal with an open interest of 12,890 lots.
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Likewise, the sweetener for delivery in March contract traded higher by Rs 8, or 0.26% to Rs 2,840 per quintal in 12,970 lots.
Market analysts said fresh positions were built-up by speculators after demand improved in the spot market driven by ongoing wedding season but adequate supplies from millers capped the rise.
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