 "Sugar down 0.5% on ample supply")
Sugar prices eased by 0.46% to Rs 2,825 per quintal in futures trade today as speculators trimmed positions, triggered by higher supplies in the spot market against low demand from bulk consumers.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month March fell Rs 13, or 0.46% to Rs 2,825 per quintal with an open interest of 11,500 lots.
Similarly, the sweetener for delivery in December contract traded lower by Rs 9, or 0.33% to Rs 2,740 per quintal in 14,500 lots.
Market analysts attributed the fall in sugar futures to adequate stocks in the market following ample supplies from millers against weak demand from bulk consumers.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month March fell Rs 13, or 0.46% to Rs 2,825 per quintal with an open interest of 11,500 lots.
Similarly, the sweetener for delivery in December contract traded lower by Rs 9, or 0.33% to Rs 2,740 per quintal in 14,500 lots.
Market analysts attributed the fall in sugar futures to adequate stocks in the market following ample supplies from millers against weak demand from bulk consumers.