Sugar futures prices weaken on sluggish demand, higher supply
- âWonât be vindictive... will ask Supreme Court to clear MP, MLA cases in a yearâ
- Alagiri backs âgreat manâ Modi as PM
- Plea to vote for âsecular partyâ splits Bollywood
- Donât show exit polls disguised as opinion polls, says poll panel
- Fifth phase of Lok Sabha elections in 121 seats on Thursday
Amid subdued demand and higher supplies into the spot markets, sugar prices fell by Rs 8 to Rs 3,313 per quintal in futures trade today.
However, reports of a delay in cane crushing in Uttar Pradesh, the second biggest sugar producing state, capped the slide in sugar prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in January declined by Rs 8, or 0.24 per cent, to Rs 3,313 per quintal, with an open interest of 3,313 lots.
The sweetener for delivery in December traded Rs 5, or 0.15 per cent lower at Rs 3,13 per quintal in an open interest of 28,810 lots.
Marketmen said decline in sugar futures prices was mostly due to fall in demand following an end of festive season and higher supplies in the spot markets.
- Activist, her aide booked for cheating in attempt to frame acquitted murder accused
- Extended Monorail running hours fails to pull crowd
- HC orders action against Essel World for causing harm to mangroves
- Cops crack bar girl’s murder case after waiter’s tip-off
- Railway to provide plastic pouches for commuter IDs
- Last safety check for Metro to begin April 18