Sugar futures dip 0.49% on profit-booking; higher supply

NEW DELHI, Oct 6:  Sugar futures slipped 0.49 per cent to Rs 2,656 per quintal today as speculators locked-in gains at prevailing levels amid higher supplies from mills at spot market.
At National Commodity and Derivatives Exchange, sugar for delivery in far-month December eased Rs 13, or 0.49 per cent, to Rs 2,656 per quintal with an open interest of 45,630 lots.
Likewise, the sweetener for delivery in October was trading Rs 11, or 0.42 per cent down at Rs 2,600 per quintal in 25,950 lots.
Analysts attributed the fall in sugar prices at futures trade to profit-booking by speculators after recent gains amid pick up in supplies from mills at spot markets. (PTI)