Mumbai, May 9:

Sugar prices rose in the futures market for the second consecutive day by over Rs 30 for a quintal taking the total rise to Rs 50 in last two days.

Mill tender rates were up by Rs 5-10 a quintal as most of the Maharashtra’s markets were closed in protest against the Local Body Tax.

Since May 1, there have been no new arrivals or local dispatches of sugar at the Vashi market.

While at upper level 14-16 mills offered tenders and sold about 28,000 – 30,000 bags at Rs 2,930-3,010 (Rs 2,920-3,000) for S-grade and Rs 3,010- 3,060 (Rs3,000 - 3,060) for M-grade.

On the NCDEX, sugar June futures was higher by Rs 31 to Rs 3,005, July contracts increased by Rs 33 to Rs 3,043 and August inched up by Rs 34 to Rs 3,090 till noon.