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Sugar futures slide 0.13% on ample stocks

Press Trust of India  |  New Delhi 

Sugar prices eased by 0.13 per cent to Rs 3,740 per quintal in futures trading today as speculators trimmed their positions, triggered by adequate stocks position at spot market.

At the National Commodity and Derivatives Exchange, sugar for delivery in May shed Rs 5, or 0.13 per cent to Rs 3,740 per quintal with an open interest of 1,860 lots.

Analysts said offloading of positions by traders, driven by sufficient stocks position on increased supplies from mills in the physical market against lower demand from bulk consumers, mainly weighed on sugar prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 12:02 IST