 "A vendor arranges price tag over sack filled with sugar at wholesale vegetable market in Ahmedabad")
Sugar prices rebounded by 0.28% to Rs 3,187 per quintal in futures trading today as traders widened positions following pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in March edged up by Rs 9, or 0.28%, to Rs 3,187 per quintal, with an open interest of 1,02,560 lots.
Similarly, the sweetener for delivery in May traded higher by Rs 8, or 0.24%, to Rs 3,297 per quintal in 42,800 lots.
Marketmen said fresh positions created by participants due to pick up in demand from retailers and bulk consumers in the spot market mainly attributed the rise in sugar prices at futures trade.
