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Sugar prices were up 0.58% to Rs 2,083 per quintal in futures trading today as traders built up fresh bets supported by pick-up in demand in the spot market.
However, adequate stock position in the market on persistent supplies from millers capped the rise.
At National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in July moved up by Rs 12, or 0.58%, to Rs 2,083 per quintal with an open interest of 6,380 lots.
Likewise, the sweetner for delivery in October contracts traded higher by Rs 7, or 0.31%, to Rs 2,231 per quintal in 42,410 lots.
Market analysts attributed the rise to pick-up in demand at the spot market, but ample stocks in the market on persistent supplies from millers limited the gains.
