Sugar ended 0.76 per cent higher at Rs 2,770 per quintal in futures trading today as speculators created fresh positions amid pick-up in demand at 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 December shot up by Rs 21, or 0.76 per cent to settle the day at Rs 2,770 per quintal with an open interest of 55,490 lots.
Similarly, the sweetener for delivery in March next year spurted by Rs 21 or 0.74 per cent to Rs 2,871 per quintal in 28,270 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.
