Sugar prices softened by 0.44 per cent to Rs 3,820 per quintal in futures trade today as speculators trimmed their positions amid adequate stocks position on increased supplies at spot market against lower demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in March traded lower by Rs 17, or 0.44 per cent to Rs 3,820 per quintal with an open interest of 5,830 lots.
Analysts said offloading of positions by traders, triggered by sufficient stocks position on increased supplies from mills in the physical market against subdued demand from bulk consumers, mainly weighed on sugar prices at futures trade.
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