Sugar futures traded down on NCDEX as speculators indulged in reducing positions on the back of subdued demand from bulk consumer in the spot markets. Furthermore, adequate stocks following higher supplies from millers also put pressure on the prices of the sweetener.
The contract for June delivery was trading at Rs 2988.00, down by 0.23% or Rs 7.00 from its previous closing of Rs 2995.00. The open interest of the contract stood at 43140.00 lots.
The contract for July delivery was trading at Rs 2967.00, down by 0.03% or Rs 1.00 from its previous closing of Rs 2968.00. The open interest of the contract stood at 25120.00 lots on NCDEX.
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