 "Sugar falls 0.6% on profit-booking")
Sugar prices fell by 0.55% to Rs 3,060 per quintal in futures trade today amid profit bookings by speculators.
However, rising demand from bulk consumers due to summer- season and concerns over production in 2013-14 due to lower acreage, restricted the gains.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract fell by Rs 17, or 0.55%, to Rs 3,060 per quintal in 26,870 lots.
Market analysts attributed the fall in sugar futures to profit-booking by speculators but rising demand from bulk consumers, limited the fall.
However, rising demand from bulk consumers due to summer- season and concerns over production in 2013-14 due to lower acreage, restricted the gains.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract fell by Rs 17, or 0.55%, to Rs 3,060 per quintal in 26,870 lots.
Also Read
The July contract traded lower by Rs 14, or, 0.45%, to Rs 3,110 per quintal in 21,920 lots.
Market analysts attributed the fall in sugar futures to profit-booking by speculators but rising demand from bulk consumers, limited the fall.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%