Sugar futures remain weak, shed 0.35% on higher supply

Sugar prices eased further by 0.35 per cent to Rs 3,415 per quintal in futures trade today as speculators engaged in reducing their positions amid higher supplies at spot markets.
At the National Commodity and Derivatives Exchange, sugar for delivery in December fell by Rs 12 or 0.35 per cent to Rs 3,415 per quintal with an open interest of 12,680 lots.
Analysts said offloading of positions by participants, triggered by ample stocks on higher supplies from mills in the physical market, kept sugar prices lower at futures trade.