 "Sugar down 0.3% on higher supply")
Sugar futures slipped 0.32 per cent to Rs 2,190 per quintal today as participants trimmed positions, triggered by higher supplies from mills at spot market against low demand from bulk consumers.
At National Commodity and Derivatives Exchange, sugar for delivery in October eased by Rs 7, or 0.32 per cent to Rs 2,190 per quintal with an open interest of 41,600 lots.
Likewise, the sweetener for delivery in December shed Rs 3, or 0.13 per cent to Rs 2,274 per quintal in 20,140 lots.
Analysts attributed the fall in sugar prices in futures trade to persistent supplies from mills against low demand from bulk consumers.
At National Commodity and Derivatives Exchange, sugar for delivery in October eased by Rs 7, or 0.32 per cent to Rs 2,190 per quintal with an open interest of 41,600 lots.
Likewise, the sweetener for delivery in December shed Rs 3, or 0.13 per cent to Rs 2,274 per quintal in 20,140 lots.
Analysts attributed the fall in sugar prices in futures trade to persistent supplies from mills against low demand from bulk consumers.