Sugar down 0.6% on profit-booking

Commodity for delivery May traded lower by 0.54%

Amid profit-booking by speculators after recent gains, sugar prices declined by 0.61% to Rs 3,072 per quintal in futures trading today.

At the National Commodity and Derivatives Exchange, sugar for delivery in a April month declined by Rs 19, or 0.61% to Rs 3,072 per quintal with an open interest of 15,910 lots.

Similarly, the sweetener for delivery May traded lower by Rs 17, or 0.54% to Rs 3,129 per quintal in 54,620 lots.

Analysts attributed the fall in sugar futures to profit- bookings by speculators at prevailing higher levels but lower output estimates limited the losses.