Sugar future trade lower on ample supply

Sugar future traded down on NCDEX due to lower demand from stockiest and retailers amidst ample supplies. Further, offloading of positions by participants, against adequate stocks position but expectations of fall in output, limited the fall. The contract for May delivery was trading at Rs 3165.00, down by 1.25% or Rs 40.00 from its previous closing of Rs 3205.00. The open interest of the contract stood at 64150.00 lots. The contract for June delivery was trading at Rs 3135.00, down by 1.29% or Rs 41.00 from its previous closing of Rs 3176.00. The open interest of the contract stood at 31750.00 lots on NCDEX.