Sugar futures extend losses, down 0.41% on higher supply

Image
Press Trust of India New Delhi
Last Updated : Nov 29 2016 | 11:22 AM IST
Falling for the second day, sugar prices eased further by 0.41 per cent to Rs 3,400 per quintal in futures trading today as speculators engaged in reducing their positions amid ample stocks position at spot market against lower demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in December month shed Rs 4, or 0.41 per cent, to Rs 3,400 per quintal with an open interest of 7,190 lots.
Marketmen said trimming of positions by participants and ample stocks position on higher supplies from mills in the physical market against muted demand from bulk consumers, mainly kept sugar prices down at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 29 2016 | 11:22 AM IST

Next Story