NCDEX sugar rises on buying at lower price level.

May contract of sugar rose on the NCDEX because of buying after prices fell in the previous session. The contract fell tracking weakness in the spot markets. Expectation of a pick up in demand with the rise in temperature is also adding to the bullishness for the commodity. Demand for sugar from bulk buyers like ice-cream and cold drink manufacturers increases in summers. The most-active May contract of sugar traded on the NCDEX, up 1.4% from the previous close.