Sugar futures extend gains on seasonal demand

Sugar futures rose on NCDEX as demand from bulk consumers like cold drink and ice-cream makers improves due to the summer season. Moreover, restricted supply from mills against increased off take by stockists and bulk consumers mainly pushed up sweetner prices. The contract for May delivery was trading at Rs 3190.00, up by 0.60% or Rs 19.00 from its previous closing of Rs 3171.00. The open interest of the contract stood at 62640.00 lots. The contract for June delivery was trading at Rs 3211.00, up by 0.66% or Rs 21.00 from its previous closing of Rs 3190.00. The open interest of the contract stood at 26500.00 lots on NCDEX.