Sugar futures slide 0.34 pc on low demand

Sugar prices were down by 0.34 per cent to Rs 3,530 per quintal in futures trading today as speculators cut down their positions amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, sugar for delivery in October was trading lower by Rs 12 or 0.34 per cent to Rs 3,530 per quintal with an open interest of 14,450 lots.
Analysts attributed the fall in sweetener prices at futures trade to subdued demand from bulk consumers in the spot market against ample stocks position.