Sugar futures decline 0.34% on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Jan 05 2016 | 11:57 AM IST
Amid profit-booking by speculators at prevailing levels, sugar prices were down by 0.34 per cent to Rs 3,193 per quintal in futures trading today.
Adequate stocks in the spot markets following higher supplies from millers too weighed on the sweetener prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in March contracts fell by Rs 11, or 0.34 per cent to Rs 3,193 per quintal with an open interest of 96,870 lots.
Likewise, the sweetener for delivery in May contracts shed Rs 7, or 0.21 per cent to Rs 3282 per quintal in 30,110 lots.
Analysts said the fall in sweetener prices at futures trade was mostly due to profit-booking by traders at current levels and persistent supplies from mills.
*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

More From This Section

First Published: Jan 05 2016 | 11:57 AM IST

Next Story