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Gur (jaggery) futures slipped marginally on the National Commodities and Derivatives Exchange (NCDEX) on Wednesday following a downtrend in the sugar counter.
Adequate stocks amid restricted demand from retailers and stockists pulled jaggery prices down. But traders expect the demand to pick up ahead of Ganesh Chaturthi.
A lower cane crop projected for the next season could also make supply tight for gur units and the commodity may see an upside soon, analysts felt.
September contracts were down by Rs 6 to Rs 1,156.5 for 40 kg on the NCDEX. November were down by Re 1 to Rs 1,182.5 while December futures gained Rs 2 to Rs 1,147.
In the spot market, prices continued to hover around overnight levels in the absence of any moving factors. In the Muzzarfarnagar spot market, gur was quoted flat at Rs 1,139.4.
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