Sugar futures traded down on NCDEX as speculators reduced positions amidst ample supplies in spot market. Moreover, absence of demand at existing higher levels, sparked by selling pressure by mills, mainly pulled down sweetener's prices.
The contract for June delivery was trading at Rs 2985.00, down by 0.40% or Rs 12.00 from its previous closing of Rs 2997.00. The open interest of the contract stood at 42240.00 lots.
The contract for July delivery was trading at Rs 2958.00, down by 0.84% or Rs 25.00 from its previous closing of Rs 2983.00. The open interest of the contract stood at 26530.00 lots on NCDEX.
No comments:
Post a Comment