Sugar futures remain weak, down 0.96 pc on low demand

Sugar prices eased further by 0.96 per cent to Rs 3,200 per quintal in futures market today as speculators engaged in trimming positions, triggered by easing demand in the spot market against sufficient stocks position.

At the National Commodity and Derivatives Exchange, sugar for delivery in December declined by Rs 31, or 0.96 per cent, to Rs 3,200 per quintal with an open interest of 210 lots.

Analysts said cutting down of positions by participants, driven by adequate stocks position in the physical market against weak demand from bulk consumers, mainly kept sugar prices down at futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)