Sugar futures rule flat on NCDEX

Sugar futures ruled flat for the near term contracts. While July contracts traded down as speculators reduced positions due to sluggish demand in the spot market against higher supplies. The contract for June delivery was trading flat at its previous close of Rs. 3016.00/ Quintal. The open interest of the contract stood at 49640.00 lots. The contract for July delivery was trading at Rs 3003.00/ Quintal, down by 0.13% or Rs 4.00 from its previous closing of Rs 3007.00. The open interest of the contract stood at 24800.00 lots on NCDEX.