Sugar prices fall 1.03% on ample supply
PTI: New Delhi, Jan 31 2013, 13:29 IST
Amid ample supplies from mills and reduced offtake in the spot market, sugar prices fell by Rs 33 to Rs 3,156 per quintal in futures trading today on reduced offtake by speculators.
At the National Commodity and Derivatives Exchange, sugar for delivery in February fell by Rs 33, or 1.03 per cent to Rs 3156 per quintal with an open interest of 36420 lots.
The sweetener for delivery in March was also down by Rs 25, or 0.77 per cent to Rs 3,206 per quintal in 15,200 lots.
Market analysts attributed the fall in sugar futures to increased supplies from mills against reduced offtake in spot market
Previous Story Deutsche Bank has steep Q4 loss of $2.91 bn, Juergen Fitschen, Anshu Jain says biz strong Next Story PM for transparent regulatory regime to meet environment goals
Reader's Comments| Post a Comment
Be the first to comment.
