MUMBAI: Sugar futures opened higher on Thursday on expectations of good spot demand ahead of festival season amid lower-than-expected supplies, analysts said.
India's festival season starts from end-August and demand for sugar usually increases ahead of the season.
India allowed mills to sell 900,000 tonnes sugar in the open market in August, lower than market expectations.
At 11:11 am, the sugar September futures contract was up 0.56 per cent at 1,811 rupees per 100 kg on the National Commodity and Derivatives Exchange.
India's festival season starts from end-August and demand for sugar usually increases ahead of the season.
India allowed mills to sell 900,000 tonnes sugar in the open market in August, lower than market expectations.
At 11:11 am, the sugar September futures contract was up 0.56 per cent at 1,811 rupees per 100 kg on the National Commodity and Derivatives Exchange.
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