Sugar futures fall 0.83% on low demand, adequate stocks

Sugar prices moved down by 0.83 per cent to Rs 3,682 per quintal in futures trading today as speculators cut down their positions amid easing demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, sugar for delivery in October month fell by Rs 31, or 0.83 per cent to Rs 3,682 per quintal with an open interest of 26,410 lots.
On similar lines, the sweetener for delivery in far-month December declined by Rs 20, or 0.53 per cent to Rs 3,722 per quintal in 13,710 lots.
Analysts attributed the fall in sweetener prices at futures market to lower demand from bulk consumers in the spot market against ample stocks position.