Sugar down 0.7% on ample supplies

 

Sugar futures for April declined by Rs 20, or 0.65%, to trade at Rs 3,079 per quintal in 36,210 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the March contract shed Rs 7, or 0.23%, to Rs 3,023 per quintal in 7,630 lots.

Pries went down as speculators engaged in trimming their positions, triggered by higher supplies in physical markets.

Besides, subdued demand from bulk consumers also weighed on sugar futures trade.

Delay in lifting the curbs on the controlled sector by the government also had a negative impact.