Sugar down in futures trade

PTI New Delhi | Updated on June 20, 2011

Sugar prices fell by 0.10 per cent to Rs 2,519 per quintal in futures trade today as speculators booked profits amid hopes of higher output.

At the National Commodity and Derivatives Exchange, sugar for July delivery was trading Rs 10 or 0.40 per cent lower at Rs 2,519 per quintal, with an open interest for 21,860 lots. Prices of the sweetener ended 0.19 per cent higher at Rs 2,549 per quintal in the previous session.

Sugar for delivery in June also declined by Rs 8 or 0.33 per cent to Rs 2,452 per quintal with a business turnover of 6,580 lots.

Analysts said sugar futures fell due to the emergence of profit-booking by speculators and on prospects of higher production.

Published on June 20, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like