 "A vendor arranges price tag over sack filled with sugar at wholesale vegetable market in Ahmedabad")
Extending its losses for a third straight day sugar prices fell further by 0.77% to Rs 3,589 per quintal in futures trade today as traders engaged in trimming position to book profits amid higher supplies from mills at the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in July month drifted further lower by Rs 28, or 0.77% to Rs 3,589 per quintal with an open interest of 34,020 lots.
On similar lines, the sweetner for delivery in October contracts moved down by Rs 20, or 0.53% to Rs 3,740 per quintal in 13,020 lots.
Analysts said trimming of positions participants to book profits at higher levels and ample stocks at the spot markets due to higher supplies from mills, mainly weighed on sweetner prices at futures trade here.
