Sugar up 0.8% on pick-up in spot demand

Prices rose as speculators coverd short positions

Sugar futures for March traded Rs 24, or 0.79% higher, at Rs 3,072 per quintal in 28,140 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the February contract edged up by Rs 4, or 0.13%, to Rs 3,025 per quintal in 16,500 lots.

Prices rose as speculators covered-up short positions amid pick-up in spot demand.

Ample stocks following higher supplies in the physical market restricted the rise.