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Sugar futures fall 0.29 pc on low demand

Press Trust of India  |  New Delhi 

Sugar prices fell by 0.29 per cent to Rs 3,759 per quintal in futures trade today as speculators trimmed their positions amid adequate stocks position on increased supplies at spot market.

At the National Commodity and Derivatives Exchange, sugar for delivery in May was trading lower by Rs 11, or 0.29 per cent, to Rs 3,759 per quintal with an open interest of 1,440 lots.

Meanwhile, today decided to extend stock limits on sugar traders by another six months till October 2017 to check sweetener prices that are ruling at Rs 42-44 per kg.

Analysts said offloading of positions by traders, triggered by sufficient stocks position on increased supplies from mills in the physical market against tepid demand, mainly weighed on sugar prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 19 2017. 17:57 IST