 "Sugar down 0.2% on profit-booking")
Sugar prices were down by 0.25% to Rs 3,186 per quintal in futures trading today as participants locked-in gains at existing levels amid adequate stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in March shed Rs 8, or 0.25% to Rs 3,186 per quintal with an open interest of 94,960 lots.
Similarly, the sweetener for delivery in May traded lower by Rs 2, or 0.06% to Rs 3,280 per quintal in 26,320 lots.
Analysts said the fall in sweetener prices at futures trade was mostly due to profit-booking by traders at current levels and persistent supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in March shed Rs 8, or 0.25% to Rs 3,186 per quintal with an open interest of 94,960 lots.
Similarly, the sweetener for delivery in May traded lower by Rs 2, or 0.06% to Rs 3,280 per quintal in 26,320 lots.
Analysts said the fall in sweetener prices at futures trade was mostly due to profit-booking by traders at current levels and persistent supplies from mills.