Amid profit-booking by speculators after recent gains and subdued demand in the spot markets, sugar futures today fell by Rs 39 to Rs 3,500 per quintal.
At the National Commodity and Derivatives Exchange, sugar for delivery in August traded Rs 39, or 1.10%, lower at Rs 3,500 per quintal, with an open interest of 440 lots.
The September contract shed Rs 32, or 0.92%, to Rs 3,432 per quintal, with an open interest of 44,710 lots.
Marketmen said the fall in sugar futures prices was due to profit-booking by speculators, release of additional quota by the government for the September quarter and sluggish spot demand.
