Sugar prices gained 0.48 per cent to Rs 2,535 per quintal in futures trading today as speculators created fresh positions amid pick-up in demand in the spot market.
However, adequate stocks on higher supplies from millers, capped the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December rose Rs 12, or 0.48 per cent, to Rs 2,535 per quintal with an open interest of 47,220 lots.
Similarly, the sweetener for delivery in October edged higher by Rs 5, or 0.20 per cent, to Rs 2,495 per quintal in 25,300 lots.
Analysts attributed the rise in sugar prices in futures trade to pick up in demand form retailers as well as bulk consumers driven by ongoing festive and wedding season.
