Sugar futures fell by 0.36% to Rs 2,771 per quintal today after some speculators offloaded their positions despite ample supply availability in the market.
At the National Commodity and Derivatives Exchange, October sugar fell by Rs 10, or 0.36%, to Rs 2,771 per quintal, with an open interest for 4,960 lots.
The September contract fell by Rs 5, or 0.18%, to Rs 2,711 per quintal, with an open interest for 31,020 lots.
Analysts said sugar futures prices fell after speculators reduced their positions despite the adequate stock position in physical markets.
However, a rise in spot demand for the festival season limited the losses.