Sugar futures down 0.22% on profit-booking

Sugar prices were down by 0.22 per cent to Rs 3,590 per quintal in futures trade today as traders booked profits at prevailing levels amid easing demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October month fell by Rs 8, or 0.22 per cent to Rs 3,590 per quintal with an open interest of 12,240 lots.
Likewise, the sweetener for delivery in December contracts declined by Rs 4, or 0.11 per cent to Rs 3,703 per quintal in 14,980 lots.
Analysts said, besides profit-booking by participants at existing levels, fall in demand in the spot market against adequate stocks position mainly led to decline in sugar prices at futures trade.