NEW DELHI, Aug 7: Sugar drifted 0.35 per cent to Rs 2,309 per quintal in futures trading today as speculators trimmed positions, triggered by higher supplies from mills at spot market against low demand from bulk consumers.
At National Commodity and Derivatives Exchange, sugar for delivery in October fell by Rs 8, or 0.35 per cent to Rs 2,309 per quintal with an open interest of 46,870 lots.
Similarly, the sweetener for delivery in December contracts traded lower by Rs 8, or 0.34 per cent to Rs 2,365 per quintal in 24,390 lots.
Analysts attributed the fall in sugar prices in futures trade to higher supplies from mills against low demand from bulk consumers at the spot market. (PTI)
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