 "Sugar down 0.8% on profit-booking")
Sugar prices fell 0.78% to Rs 3,058 per quintal in futures trade today as speculators booked profits, triggered by ample supplies in the physical market against subdued demand from bulk consumers.
At the National Commodity and Derivatives Exchange, sugar for delivery in September fell by Rs 24, or 0.78% to Rs 3,058 per quintal with an open interest of 8,520 lots.
Similarly, the sweetener for delivery in August traded lower by Rs 11, or 0.37% to Rs 2,992 per quintal in 20,920 lots.
Analysts said besides profit-booking by speculators, weak demand from bulk consumers against higher supplies kept pressure on sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in September fell by Rs 24, or 0.78% to Rs 3,058 per quintal with an open interest of 8,520 lots.
Similarly, the sweetener for delivery in August traded lower by Rs 11, or 0.37% to Rs 2,992 per quintal in 20,920 lots.
Analysts said besides profit-booking by speculators, weak demand from bulk consumers against higher supplies kept pressure on sugar prices at futures trade.