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Sugar prices traded marginally lower by 0.15 per cent to Rs 2,722 per quintal in futures market today as speculators trimmed positions on low demand in the spot market against higher supplies from producing belts.
At the National Commodity and Derivatives Exchange, sugar for delivery in March declined by Rs 4, or 0.15 per cent to Rs 2,722 per quintal with an open interest of 20,960 lots.
February sugar was down Rs 2, or 0.07 per cent to Rs 2,710 per quintal in 16,100 lots.
Analysts attributed the decline in sugar futures to higher supplies from producing regions against low demand in the spot market.
