Uptick in demand lifts sugar futures by 0.48%

Sugar prices rose by 0.48 per cent to Rs 3,770 per quintal in futures trading today as speculators built up fresh positions amid pick up in demand at the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in May rose by Rs 18, or 0.48 per cent, to Rs 3,770 per quintal, with an open interest of 1,430 lots.
Analysts attributed the rise in sugar prices at futures trade on fresh positions created by traders due to pick up in demand in the spot market.