Sugar futures prices fell by 0.95% to Rs 2,505 per quintal today as speculators reduced their positions, triggered by weak demand from bulk consumers at the spot market, amid higher stocks position.
At the National Commodity and Derivatives Exchange, sugar for delivery in June fell by Rs 24, or 0.95%, to Rs 2,505 per quintal, with an open interest of 25,860 lots.
The July contract lost Rs 14, or 0.55%, to Rs 2,550 per quintal, with a business volume of 13,530 lots.
Meanwhile, in Kolhapur, a key market in top producer Maharashtra, the most traded S-variety edged down by 0.43% to Rs 2,532 per quintal.
Analysts attributed the fall in sugar futures prices to weak demand in the spot markets and higher stocks position with the millers.
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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