Gur prices declined by Rs 22.50 to Rs 1,330 per 40 kg in future trading today in line with weak spot market trends.
Reports of higher sugarcane production this year would make easy availability of raw materials influenced the trading sentiment in future trading, marketmen said.
Slugish demand and heavy stocks position in physical markets was another negative factor, they said.
At the National Commodity and Derivatives Exchange, the September contract for gur declined by Rs 22.50 or 1.66% to Rs 1,330 per 40 kg, with an open interest of 1,430 lots.
Most active July contract dipped by Rs 17.50 or 1.35% to Rs 1,281 per 40 kg, having an open interest of 9,970 lots.
March contract too went down by Rs 12, or 1.08% to Rs 1,103 per quintal, clocking an open interest of 6,920 lots.
