NEW DELHI, Jan 20: Sugar prices declined 0.40 per cent to Rs 2,747 per quintal in futures trade today as speculators reduced their positions, driven by a weak demand in the spot market against ample supplies.
At the National Commodity and Derivatives Exchange, sugar for delivery in February declined by Rs 11, or 0.40 per cent, to Rs 2,747 per quintal with an open interest of 18,300 lots.
The sweetener for delivery in March also shed Rs 8, or 0.29
per cent, to Rs 2,753 per quintal in 19,000 lots.
Analysts attributed the decline in sugar futures to a weak demand in the spot market against ample supplies. (AGENCIES)
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