Sugar trades up 0.2% on demand hopes

Summer season increased hopes of spot market improvement

Sugar futures for May rose by Rs 6, or 0.20% to Rs 2,986 per quintal in 24,530 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the April contract gained Rs 5, or 0.17% to Rs 2944 per quintal in 30,270 lots.

Prices gained as speculators created fresh positions, driven by hopes of improvement in spot market demand.

Summer season increased the hopes of spot market improvement.