Sugar futures decline 0.26 per cent on amply supply
At the National Commodity and Derivatives Exchange, sugar for delivery in October declined by Rs 8, or 0.26 per cent to Rs 3,042 per quintal.
By PTI | Updated:
NEW DELHI: Sugar prices eased by 0.26 per cent to Rs 3,042 per quintal in futures market today as speculators trimmed positions amid higher supplies in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October declined by Rs 8, or 0.26 per cent to Rs 3,042 per quintal with an open interest of 3,300 lots.
Similarly, the sweetner for delivery in September shed Rs 5, or 0.17 per cent to Rs 3,020 per quintal in 12,130 lots.
Market analysts said adequate stocks in the physical market on ample supplies from mills against subdued demand from bulk consumers, mainly kept pressure on sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in October declined by Rs 8, or 0.26 per cent to Rs 3,042 per quintal with an open interest of 3,300 lots.
Similarly, the sweetner for delivery in September shed Rs 5, or 0.17 per cent to Rs 3,020 per quintal in 12,130 lots.
Market analysts said adequate stocks in the physical market on ample supplies from mills against subdued demand from bulk consumers, mainly kept pressure on sugar prices at futures trade.
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