Sugar futures softens 0.30% on profit-booking

Sugar futures traded lower by 0.30 per cent to Rs 3,307 per quintal in futures trade today as traders booked profits at prevailing levels amid pick up in supplies in the physical markets.
At the National Commodity and Derivatives Exchange, sugar for delivery in May eased by Rs 10, or 0.30 per cent, to Rs 3,307 per quintal with an open interest of 28,780 lots.
Similarly, the sweetener for delivery in far-month July was trading lower by Rs 5, or 0.14 per cent, to Rs 3,536 per quintal in 48,100 lots.
Analysts attributed the fall in sweetener prices at futures trade to profit-booking by participants at prevailing levels.