NEW DELHI, Feb 1: Sugar prices fell by Rs 19 per quintal to trade at nearly six-month low of Rs 3,128 in futures trade today as speculators engaged in reducing their positions largely due to poor demand amid higher supplies in physical markets.
At the National Commodity and Derivatives Exchange, sugar for delivery in February declined by Rs 19, or 0.60 per cent, to trade at Rs 3,128 per quintal, a level last seen in July 2012, with an open interest of 35,620 lots.
The sweetener for delivery in March also shed Rs 15, or 0.47 per cent, to Rs 3,184 per quintal, in an open interest of 15,950 lots.
Marketmen said persistent fall in sugar futures prices was mostly due to poor demand against higher supplies in the physical markets. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel