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Sugar futures fall 0.76% on ample stocks

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Press Trust of India New Delhi
Last Updated : Aug 20 2015 | 5:02 PM IST
Sugar prices were down 0.76 per cent to Rs 2,344 per quintal in futures trade today as participants engaged in trimming positions amid trigger by higher supplies from mills at the spot market.
At National Commodity and Derivatives Exchange, sugar for delivery in far-month December fell Rs 18, or 0.76 per cent to Rs 2,344 per quintal with an open interest of 38,140 lots.
Likewise, the sweetener for delivery in October traded lower by Rs 10, or 0.43 per cent to Rs 2,328 per quintal in 52,850 lots.
Analysts said offloading of positions by participants, triggered by higher supplies from mills in the physical market against slackened demand from bulk consumers kept pressure on sugar prices in futures trade.

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First Published: Aug 20 2015 | 5:02 PM IST

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