Sugar prices fell by 0.21% in futures trading today after speculators booked profits amid higher supplies in the spot market.
Firm demand due to festive and wedding season limited the losses.
At the National Commodity and Derivatives Exchange, sugar for delivery in November traded lower by Rs 7, or 0.21%, to Rs 3,387 per quintal, with an open interest of 40,410 lots.
December sugar shed Rs 2, or 0.06%, to Rs 3,306 per quintal, with a turnover of 19,030 lots.
At Kolhapur spot market in the top-producing Maharashtra, sugar prices rose by Rs 7 to 3,497 rupees per 100 kg in yesterday's trade on festive season demand.
Marketmen said fall in sugar futures prices was mostly due to profit-booking by speculators and increased supplies in spot market on higher supplies by the government for the festive season.
