Commodities

Sugar futures fall on adequate supply

PTI New Delhi | Updated on February 04, 2011

Sugar futures prices fell by Rs 45 to Rs 2,728 per quintal in today’s trade on sluggish demand against adequate stocks in the spot market.

At the National Commodity and Derivatives Exchange counter (NCDEX), sugar for February-month delivery fell by Rs 45, or 1.62 per cent, to Rs 2,728 per quintal, with an open interest of 30,930 lots.

Similarly, the sugar for delivery in March moved down by Rs 36, or 1.26 per cent, to Rs 2,823 per quintal, with a business turnover of 27,250 lots.

Analysts said weak trend in the physical market due to sluggish demand against increased supplies mainly put pressure on the sugar futures prices here.

Published on February 04, 2011

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