 "Sugar sheds 0.44% on higher supply")
Sugar prices were down by 0.44 per cent to Rs 2,476 per quintal in futures trade today as speculators trimmed positions amid adequate stocks position in spot markets on persistent supplies from mills.
At the National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in May declined by Rs 11 or 0.44 per cent to Rs 2,476 per quintal with an open interest of 34,280 lots.
The July contract shed Rs 6 or 0.23 per cent to Rs 2,590 per quintal in 24,730 lots.
They said, however, scattered demand from bulk consumers due to summer season, restricted the fall.
At the National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in May declined by Rs 11 or 0.44 per cent to Rs 2,476 per quintal with an open interest of 34,280 lots.
The July contract shed Rs 6 or 0.23 per cent to Rs 2,590 per quintal in 24,730 lots.
Also Read
Analysts said offloading of positions by speculators, triggered by higher supplies in the physical markets from mills, mainly led to decline in sugar prices at futures trade.
They said, however, scattered demand from bulk consumers due to summer season, restricted the fall.
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 →*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
SAVE 25%