NEW DELHI, Nov 20: Sugar prices recovered by 0.36 per cent to Rs 2,765 per quintal in futures trade today as speculators created fresh positions after demand picked up in the spot market supported by ongoing wedding season.
However, adequate supplies from millers, restricted the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in December were up by Rs 10, or 0.36 per cent to Rs 2,765 per quintal with an open interest of 12,890 lots.
Likewise, the sweetener for delivery in March contract traded higher by Rs 8, or 0.26 per cent to Rs 2,840 per quintal in 12,970 lots.
Market analysts said fresh positions were built-up by speculators after demand improved in the spot market driven by ongoing wedding season but adequate supplies from millers capped the rise. (PTI)
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