 "Sugar down 1% on ample supply, subdued demand")
Sugar prices fell by 1.02% to Rs 2,828 per quintal in futures trade today as speculators reduced their positions, triggered by higher supplies in the physical market against subdued demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in December month fell by Rs 29,or 1.02% to Rs 2,828 per quintal with an open interest of 11,990 lots.
Likewise, the sweetener for delivery in January lost Rs 25, or 0.87% to Rs 2,833 per quintal in 20,650 lots.
Analysts said lightening of positions by speculators amid higher supplies in the physical market against subdued demand mainly kept pressure on sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in December month fell by Rs 29,or 1.02% to Rs 2,828 per quintal with an open interest of 11,990 lots.
Likewise, the sweetener for delivery in January lost Rs 25, or 0.87% to Rs 2,833 per quintal in 20,650 lots.
Analysts said lightening of positions by speculators amid higher supplies in the physical market against subdued demand mainly kept pressure on sugar prices at futures trade.