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Sugar prices went up by 0.14 per cent to Rs 2,960 per quintal in futures trade today as speculators created fresh positions, driven by an improvement in summer season demand in the spot market.
However, higher supplies in the spot markets, limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in June gained Rs 4, or 0.14 per cent, to Rs 2,960 per quintal, with an open interest of 38,180 lots.
The May contract edged up by Re 1, or 0.03 per cent, to Rs 2,915 per quintal in 16,290 lots.
Marketmen attributed rise in sugar prices at futures trade to pick-up in summer season demand from bulk consumers in the spot market but ample supplies, limited the gains.
