 "Sugar down 0.1% on adequate supply")
Sugar prices softened by 0.10% to Rs 2,890 per quintal in futures trade today owing to adequate supplies from producing regions.
However, festive demand in the spot market restricted the sweetner losses.
At the National Commodity and Derivatives Exchange, sugar for delivery in November month softened by Rs 3, or 0.10%, to Rs 2,890 per quintal with an open interest of 29,500 lots.
Market analysts attributed the weakness in sugar futures to adequate supplies from producing regions.
However, festive demand in the spot market restricted the sweetner losses.
At the National Commodity and Derivatives Exchange, sugar for delivery in November month softened by Rs 3, or 0.10%, to Rs 2,890 per quintal with an open interest of 29,500 lots.
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Similarly, the sweetener for delivery in December traded marginally lower by Re 1, or 0.03%, to Rs 2,883 per quintal in 9,940 lots.
Market analysts attributed the weakness in sugar futures to adequate supplies from producing regions.