Sugar futures fall 0.33 pc on subdued demand

Sugar prices declined by 0.33 per cent to Rs 2,990 per quintal in futures trading today as speculators reduced positions due to sluggish demand from bulk consumers in the spot market against ample supplies.
At the National Commodity and Derivatives Exchange, sugar for delivery in July shed Rs 10, or 0.33 per cent to Rs 2,990 per quintal with an open interest of 15,180 lots.
Similarly, the sweetener for delivery in August contract traded lower by Rs 8, or 0.26 per cent to Rs 3,093 per quintal in 25,170 lots.
Analysts attributed the fall in sugar futures to subdued demand from bulk consumers in the spot market against ample supplies from millers.