Sugar futures today fell by Rs 27 to Rs 3,447 per quintal as speculators trimmed positions on increased supplies in the physical market, following the government's measures to check the sweetener's price.
At the National Commodity and Derivatives Exchange, sugar for delivery in September traded lower by Rs 27, or 0.78%, to Rs 3,447 per quintal, with an open interest of 41,770 lots.
The October contract shed Rs 20, or 0.57%, to Rs 3,507 per quintal, with an open interest of 21,790 lots.
Marketmen said the fall in sugar futures was due to adequate stocks in the spot market following government's decision to release 4.2 lakh tonne (LT) sugar in the open market to control prices.
Fall in demand in the spot markets at prevailing levels contributed to the downtrend.