Sugar futures traded down on NCDEX due to large supplies at the local market. Besides, prevailing higher stocks in the markets on account of lower demand from stockists and bulk consumers, attributed the fall in sweetener's prices.
The contract for June delivery was trading at Rs 3010.00,down by 0.66% or Rs 20.00 from its previous closing of Rs 3030.00. The open interest of the contract stood at 51510.00 lots.
The contract for July delivery was trading at Rs 3011.00, down by 0.69% or Rs 21.00 from its previous closing of Rs 3032.00. The open interest of the contract stood at 23570.00 lots on NCDEX.
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