 "Sugar down 0.6% on ample stocks")
Sugar prices were down by 0.66 per cent to trade at multi-year low of Rs 2,115 per quintal in futures trade today after traders trimmed position amid adequate stocks position on persistent supplies from millers at spot market.
At National Commodity and Derivatives Exchange, sugar for delivery in July month fell by Rs 14 or 0.66 per cent to Rs 2,115 per quintal with an open interest of 20,990 lots.
Similarly, the sweetener for delivery in October contracts moved down by Rs 7 or 0.32 per cent to Rs 2,213 per quintal in 39,860 lots.
Analysts said continued offloading of positions by speculators, triggered by higher supplies from mills in the physical market mainly led to fall in sugar prices at futures.
At National Commodity and Derivatives Exchange, sugar for delivery in July month fell by Rs 14 or 0.66 per cent to Rs 2,115 per quintal with an open interest of 20,990 lots.
Similarly, the sweetener for delivery in October contracts moved down by Rs 7 or 0.32 per cent to Rs 2,213 per quintal in 39,860 lots.
Analysts said continued offloading of positions by speculators, triggered by higher supplies from mills in the physical market mainly led to fall in sugar prices at futures.
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