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Sugar prices rose by 0.17% to Rs 2,890 per quintal in futures trade today as speculators enlarged positions, supported by a rise in demand in the spot market due to festive season.
At the National Commodity and Derivatives Exchange, sugar for delivery in December rose by Rs 5, or 0.17%, to Rs 2,890 per quintal with an open interest of 10,080 lots.
Likewise, the sweetener for delivery in November edged up by Rs 2, or 0.07% to Rs 2,893 per quintal in 28,830 lots.
Market analysts said speculators enlarged their positions, supported by a rise in festive season demand mainly supported sugar prices at futures trade.
