Sugar Futures See Long Liquidation

Mumbai: Sugar futures saw long liquidation in the commodity futures market on account of contract expiry. August contract on National Commodity and Derivative Exchange of India closed at Rs 1,282 per quintal down from the previous close of Rs 1,308 per quintal. The edible oil complex remained pessimistic with Soya Indore market remaining down and the Malaysian Palm oil market remaining weak on slow demand. The soya oil prices were down at Rs 484 per 10 kg from the previous Rs 487.10 per 10 kg. Palm oil in the local market was quoted at Rs 450 per 10 kg down from Rs 452 per 10 kgs on the previous day.