Sugar futures remain weak on adequate stocks

New Delhi: Sugar prices remained weak and fell further 0.39 per cent to Rs 3,061 per quintal in futures trading on Friday, as speculators reduced positions amid ample supplies in the spot market.  

At the National Commodity and Derivatives Exchange, sugar   for delivery in September fell by Rs 12, or 0.39 per cent to Rs 3,061 per quintal with an open interest of 8,640 lots.  Similarly, the sweetener for delivery in August contracts traded lower by Rs 11, or 0.36 per cent to Rs 3,006 per quintal in 20,810 lots. Analysts said adequate supplies in the market against low demand from bulk consumers weighed on the sweetener prices at futures trade