 "Sugar extends fall on low demand, ample supply")
Continuing its losing streak for the third straight day, sugar prices fell by another 0.95 per cent to Rs 2,915 per quintal in futures trade today as speculators trimmed positions, tracking low demand against ample supplies in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in September traded Rs 28, or 0.95 per cent lower to Rs 2,915 per quintal with an open interest of 6,150 lots.
The October contract lost Rs 27, or 0.92 per cent to Rs 2,910 per quintal in 5,260 lots.
Market analysts said apart from subdued demand from bulk consumers, higher supplies in the spot markets from millers, mainly kept pressure on the sweetener prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in September traded Rs 28, or 0.95 per cent lower to Rs 2,915 per quintal with an open interest of 6,150 lots.
The October contract lost Rs 27, or 0.92 per cent to Rs 2,910 per quintal in 5,260 lots.
Market analysts said apart from subdued demand from bulk consumers, higher supplies in the spot markets from millers, mainly kept pressure on the sweetener prices at futures trade.
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