Sugar future trade lower on profit booking

Sugar future traded down on NCDEX on profit-booking by speculators and subdued spot demand. Apart from rising stocks following increased arrivals from millers, slackened demand from bulk consumers, too weighed on sweetner prices. The contract for May delivery was trading at Rs 3118.00, down by 0.29% or Rs 9.00 from its previous closing of Rs 3127.00. The open interest of the contract stood at 36270.00 lots. The contract for June delivery was trading at Rs 3053.00, down by 0.07% or Rs 2.00 from its previous closing of Rs 3055.00. The open interest of the contract stood at 53310.00 lots on NCDEX.