NEW DELHI, June 16: Sugar prices rose 0.86 per cent to Rs 2,235 per quintal in futures trading today, supported by pickup in summer season demand at spot market.
However, adequate stock in the market on persistent supplies from millers and higher output estimates this marketing year capped the rise in prices.
At National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in October month rose by Rs 19, or 0.86 per cent to Rs 2,235 per quintal with an open interest of 34,710 lots.
Similarly, the sweetener for delivery in July contracts gained Rs 17, or 0.78 per cent to Rs 2,183 per quintal in 40,600 lots.
Analysts said speculators built up fresh positions on the back of summer season demand from bulk consumers such as ice-cream and soft-drink makers, resulting in rise in sugar prices at futures trade. (PTI)
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