Falling for the second day, sugar prices eased further by 0.41 per cent to Rs 3,400 per quintal in futures trading today as speculators engaged in reducing their positions amid ample stocks position at spot market against lower demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in December month shed Rs 4, or 0.41 per cent, to Rs 3,400 per quintal with an open interest of 7,190 lots.
Marketmen said trimming of positions by participants and ample stocks position on higher supplies from mills in the physical market against muted demand from bulk consumers, mainly kept sugar prices down at futures trade.
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