 "Sugar extend losses by 0.8% on profit-booking")
Amid increased profit-booking by speculators and subdued spot demand, sugar prices fell by another 0.84% to Rs 3,062 per quintal in futures trading today.
However, a likely drop in output limited the losses.
At the National Commodity and Derivatives Exchange, sugar for delivery in June traded Rs 26, or 0.84% down at Rs 3,062 per quintal with an open interest of 5,830 lots.
Market analysts attributed the fall in sugar futures to profit-bookings by speculators and weak demand at spot markets but a likely drop in output, capped the losses.
However, a likely drop in output limited the losses.
At the National Commodity and Derivatives Exchange, sugar for delivery in June traded Rs 26, or 0.84% down at Rs 3,062 per quintal with an open interest of 5,830 lots.
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Likewise, sugar for delivery in July fell by Rs 23, or 0.74% to Rs 3,086 per quintal in 25,760 lots.
Market analysts attributed the fall in sugar futures to profit-bookings by speculators and weak demand at spot markets but a likely drop in output, capped the losses.
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