Sugar prices fell by 0.50 per cent to Rs 2,759 per quintal in futures trading today as speculators trimmed positions amid higher supplies from millers in the spot market.
Expectations of higher output also put pressure on sugar prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in May declined by Rs 14, or 0.50 per cent, to Rs 2,759 per quintal with an open interest of 11,850 lots.
Similarly, the sweetener for delivery in March shed Rs 9, or 0.34 per cent, to Rs 2,666 per quintal in 23,170 lots.
Marketmen attributed the fall in sugar futures to adequate stocks position on increased supplies from millers against low demand from bulk consumers.
Real Time News & Trading Trends Keep Liking #EpicResearch
Facebook – Twitter – YouTube – Pinterest –Linkedin – Google+
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
No comments:
Post a Comment