Sugar prices down on profit-taking,govt measures

Sugar prices fell by 0.79 per cent to Rs 3,619 per quintal in futures trade today.

Written by Agencies | New Delhi | Published: September 5, 2012 4:27 pm

Sugar prices fell by 0.79 per cent to Rs 3,619 per quintal in futures trade today after speculators booked profits despite strong spot demand.

At the National Commodity and Derivatives Exchange,sugar for delivery in October traded lower by Rs 29,or 0.79 per cent,to Rs 3,619 per quintal,with an open interest of 43,140 lots.

Likewise,the sweetener for delivery in September shed Rs 18,or 0.51 per cent,to Rs 3,505 per quintal,with an open interest of 8,990 lots.

Marketmen attributed today’s fall in sugar futures to emergence of profit-taking at higher levels but firm spot demand in view of approaching festive and marriage season and concerns over drought in top producing region due to deficient rains,restricted the losses.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results