Sugar futures prices fell by 0.44% to Rs 2,736 per quintal today as traders reduced positions due to sluggish spot demand amid adequate stocks in the market.
At the National Commodity and Derivatives Exchange, sugar for delivery in July fell by Rs 12, or 0.44%, to Rs 2,736 per quintal, with an open interest of 30,240 lots.
Similarly, the sweetener for delivery in August lost Rs 7, or 0.25%, to Rs 2,763 per quintal, with a business volume of 19,430 lots.
Analysts said the fall in sugar futures prices was mostly due to slackened demand from bulk consumers in the spot markets amid sufficient stocks in the market.