)
Sugar traded lower by 0.21% to Rs 3,251 per quintal in futures trading today as speculators reduced holdings at prevailing levels amid ample supply.
However, an estimated drop in production limited the fall.
At the National Commodity and Derivatives Exchange, sugar for delivery in May declined by Rs 7, or 0.21%, to Rs 3,251 per quintal with an open interest of 70,170 lots.
The sweetener for delivery in June also shed Rs 2, or 0.06%, to Rs 3,229 per quintal in 29,020 lots.
Analysts attributed the fall in sugar futures to profit-booking at prevailing levels and ample supplies from producing regions but reports of an estimated drop in production restricted the fall.
