 "Sugar down 0.3% on profit-booking")
Sugar prices fell 0.30% to Rs 3,024 per quintal in futures trade today as speculators booked profits at prevailing levels amidst subdued demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in June declined by Rs 9, or 0.30%, to Rs 3,024 per quintal with an open interest of 32,990 lots.
The sweetener for delivery in July also shed Rs 8, or 0.26%, to Rs 3,060 per quintal in 20,340 lots.
Market analysts said besides profit-booking by speculators at existing levels, fall in demand at spot markets against ample supplies, led to the fall in sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in June declined by Rs 9, or 0.30%, to Rs 3,024 per quintal with an open interest of 32,990 lots.
The sweetener for delivery in July also shed Rs 8, or 0.26%, to Rs 3,060 per quintal in 20,340 lots.
Market analysts said besides profit-booking by speculators at existing levels, fall in demand at spot markets against ample supplies, led to the fall in sugar prices at futures trade.