Tuesday, 27 May 2014

Sugar futures edge lower on ample stocks

Sugar futures traded down on NCDEX due to large spot supplies and weak spot demand. Further, continuous selling by producers and slack retail demand amid ample stocks kept overall sentiment weak in future trade.
The contract for June delivery was trading at Rs 2977.00, down by 0.67% or Rs 20.00 from its previous closing of Rs 2997.00. The open interest of the contract stood at 43530.00 lots.
The contract for July delivery was trading at Rs 2967.00, down by 0.50% or Rs 15.00 from its previous closing of Rs 2982.00. The open interest of the contract stood at 25930.00 lots on NCDEX.

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