Sugar down 0.2% on ample supply

Commodity for delivery in February traded lower by 0.07%

Sugar prices weakened by 0.29% to Rs 2,758 per quintal in futures trade today on ample supplies at spot market against low demand.

At the National Commodity and Derivatives Exchange, sugar for delivery in January weakened by Rs 8, or 0.29%, to Rs 2,758 per quintal with an open interest of 26,660 lots.

Sugar for delivery in February also traded lower by Rs 2, or 0.07%, to Rs 2,768 per quintal in 17,410 lots.

Analysts attributed the fall in sugar futures to ample supplies at spot market against low demand from bulk consumers such as ice-cream and soft-drink makers due to winter.