Sugar futures exhibited mixed trend on NCDEX, as the May contracts traded high on the back of speculators created fresh positions after demand in the spot markets picked up amid drop in output. While June contracts traded down on adequate stocks position following persistent supplies from mills.
The contract for May delivery was trading at Rs 3143.00,up by 1.22% or Rs 38.00 from its previous closing of Rs 3105.00. The open interest of the contract stood at 11070.00 lots.
The contract for June delivery was trading at Rs 3021.00, down by 0.17% or Rs 5.00 from its previous closing of Rs 3026.00. The open interest of the contract stood at 52950.00 lots on NCDEX.
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