Sugar prices traded lower by 0.46 per cent to Rs 3,038 per quintal in futures trade today as participants preferred to lock-in gains amid ample stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month January declined by Rs 14, or 0.46 per cent, to Rs 3,038 per quintal, with an open interest of 83,630 lots.
On similar lines, the sweetener for delivery in December eased by Rs 4, or 0.13 per cent, to Rs 2,975 per quintal in 34,750 lots.
Marketmen said offloading of positions by participants, driven by sufficient stocks position in the physical market on higher supplies from mills, mainly kept pressure on sugar prices at futures trade.
