Indian sugar prices declined this week june 2011, India agriculture commodities - MUMBAI (Commodity Online): India Sugar declined this week on the back of weak domestic demand and on higher production estimates.
At NCDEX Sugar M grade June contract is currently trading at Rs.2455 per 10 MT, lower by 0.45 per cent against the previous close. In the morning session the contract traded at a range of 2449-2475 per 10 MT. Open interest of the contract is 16500 lots as of now.
Analysts said the fall in sugar futures prices was due to weak demand from bulk consumers amid expectations of higher production in the country.
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