The Hindu Business Line : Sugar futures turn weak

Lifting of sugar export ban failed to enthuse traders on the commodity futures market on Friday. Sugar futures for January delivery on NCDEX opened up by Rs 15 at Rs 1,594 per quintal, it gained further strength to the day's high of Rs 1,630 but ended the day with a lost of Rs 12 at Rs 1,573.

Rubber futures on MCX fell 3.45 per cent to Rs 9,825 per quintal on lack of demand and weak signals from the international markets. Rubber futures on the Tokyo Commodity Exchange were down 2.8 yen to 243.8 yen per kg.

Cardamom for January delivery on MCX lost further ground to Rs 370 per kg, down 2.37 per cent. Lack of demand from guar gum manufacturers pulled down guarseed futures on NCDEX by 2.46 per cent to Rs 1,946 per quintal.

On Friday, NCDEX registered a turnover of Rs 2,437 crore (Rs 2,881 crore up to 11 pm) till 5 pm through 86,050 trades (94,590) while on MCX it was Rs 2,796 crore (Rs 10,235 crore upto 11 pm) via 52,634 trades (1,84,282). Among others, active trades were seen guarseeds, chana, pepper, refined soy oil, jeera and tur desi.

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