Sugar prices were up by 0.42 per cent to Rs 3,143 per quintal in futures market today as participants built up fresh positions after demand picked up in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in March went up by Rs 13, or 0.42 per cent, to Rs 3,143 per quintal, with an open interest of 92,160 lots.
Similarly, the sweetener for delivery in far-month May traded higher by Rs 12, or 0.37 per cent, to Rs 3,254 per quintal in 68,910 lots.
Analysts said traders created fresh positions, driven by pick up in demand from retailers as well as bulk consumers in the spot market mainly led to the rise in sugar prices at futures trade.
