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Sugar futures remain weak on adequate stocks

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Press Trust of India New Delhi
Last Updated : Apr 11 2016 | 11:32 AM IST
Sugar prices fell further by 0.20 per cent to Rs 3,475 per quintal in futures trading today as participants trimmed their bets at prevailing levels amid ample stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in May month declined by Rs 7, or 0.20 per cent to Rs 3,475 per quintal with an open interest of 1,18,600 lots.
On similar lines, the sweetener for delivery in far-month July traded lower by Rs 5, or 0.14 per cent to Rs 3,607 per quintal in 24,580 lots.
Market analysts said trimming of positions by traders, triggered by adequate stocks position on higher supplies from mills in the physical market against lower demand from bulk consumers, mainly kept pressure on sugar prices at futures trade.

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First Published: Apr 11 2016 | 11:32 AM IST

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