Gur futures fall on rising inventories

Gur futures prices declined by Rs 8.50 to Rs 936.50 per quintal in future trading today on selling pressure by traders against weak spot market sentiment.

Heavy production of sugarcane this year advised speculators to reduce their holdings in futures trading.

Mounting stocks on fresh supply of new gur in the physical market, further influenced the future trading of gur. 

At the National Commodity and Derivatives Exchange counter, gur for delivery in March dropped by Rs 8.50, or 0.90 per cent, to Rs 936.50 per quintal, with an open interest of 11,590 lots.

Delivery in July also slipped by Rs 5, or 0.47 per cent, to Rs 1,054.50 per quintal, with an open interest of 6,110 lots.