 "Sugar down 0.6% on ample supply")
Sugar prices fell 0.62% to Rs 3,025 per quintal in futures trading today as speculators trimmed positions amidst higher supplies in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October eased by Rs 19, or 0.62%, to Rs 3,025 per quintal with an open interest of 3,970 lots.
Likewise, the sweetener for delivery in September traded lower by Rs 17, or 0.56%, to Rs 2,992 per quintal in 8,160 lots.
Market analysts said adequate stocks following higher supplies from millers mainly kept pressure on sugar prices at futures trade but festive season demand capped the fall.
At the National Commodity and Derivatives Exchange, sugar for delivery in October eased by Rs 19, or 0.62%, to Rs 3,025 per quintal with an open interest of 3,970 lots.
Likewise, the sweetener for delivery in September traded lower by Rs 17, or 0.56%, to Rs 2,992 per quintal in 8,160 lots.
Market analysts said adequate stocks following higher supplies from millers mainly kept pressure on sugar prices at futures trade but festive season demand capped the fall.
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