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Sugar weakens marginally on profit-booking

Increased supplies influence prices

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Amid profit-booking at higher levels by speculators and increased supplies into the spot markets, sugar prices traded lower by Rs 6 to Rs 3,309 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, sugar for delivery in December declined by Rs 6, or 0.18%, to Rs 3,309 per quintal, with an open interest of 28,220 lots.

January sugar shed Rs 3, or 0.09%, to Rs 3,325 per quintal, with an open interest of 9,140 lots.

Marketmen said decline in sugar futures prices was due to profit-booking by speculators and increased supplies in the spot market.

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First Published: Nov 12 2012 | 1:42 PM IST

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