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Sugar remained firm and prices advanced by 0.16% to Rs 2,490 per quintal in futures market today today as participants enlarged their positions, taking positive cues from spot market on rising demand.
However, ample stocks in the physical market on higher supplies from millers capped the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in October gained Rs 4, or 0.16% to Rs 2,490 per quintal with an open interest of 39,190 lots.
Likewise, the sweetener for delivery in far-month December contracts edged up Re 1, or 0.04% to Rs 2,521 per quintal in 41,310 lots.
Analysts said a firming trend at spot market on rising demand from retailers as well as bulk consumers driven by festive season mainly kept sugar prices higher at futures trade.
