NEW DELHI, July 7:Sugar prices were up by 0.63 per cent to Rs 2,234 per quintal in futures trading today as demand from bulk consumers picked up at the spot market.
However, persistent supplies from millers in the physical market capped the rise.
At National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in October gained Rs 14, or 0.63 per cent to Rs 2,234 per quintal with an open interest of 40,000 lots.
Similarly, the sweetener for delivery in July contracts edged up by Rs 3, or 0.14 per cent to Rs 2,145 per quintal in 23,230 lots.
Market analysts said rising demand from bulk consumers such as ice-cream and soft-drink makers mainly kept sugar prices higher at futures trade but mounting stocks following persistent supplies by mills, limited the gains. (PTI)
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