Gur prices declined by Rs 5.50 to Rs 992.50 per 40 kg in futures trade today as traders preferred to off-load their positions, tracking weak spot market sentiments.
Traders said reports of higher sugarcane production this season sparked selling on expectations of easy availability of raw material.
Also, sluggish demand and heavy stocks position in the physical markets put pressure on gur prices, they added.
At the National Commodity and Derivatives Exchange, November gur went down by Rs 5.50, or 0.55%, to Rs 992.50 per 40 kg, with an open interest of 5,300 lots.
The January contract slipped by Rs 3, or 0.30%, to Rs 1,012 per 40 kg, with an open interest of 300 lots.
