NCDEX sugar up tracking spot mkt on higher demand.

Futures contracts of sugar rose on NCDEX taking cues from the spot markets, where prices increased because of higherdemand ahead of Raksha Bandhan. The most-active October contract was up 0.4% from the previous close. The overall sentiment for sugar, however, is bearish due to concerns that the government may consider more duty-free sugar imports and re-impose stock limits on sugar mills this season if prices continue to rise.