Amid profit-booking by speculators and the release of additional quota in the open market by the government, sugar futures today fell by Rs 18 to Rs 3,507 per quintal.
At the National Commodity and Derivatives Exchange, sugar for delivery in October traded Rs 18, or 0.51%, lower at Rs 3,507 per quintal, with an open interest of 15,090 lots.
The September contract shed Rs 14, or 0.40%, to Rs 3,470 per quintal, with an open interest of 42,120 lots.
Marketmen said the fall in sugar futures prices was due to profit-booking by speculators at current levels and the government's decision to release additional 4.2 lakh tonnes for the September quarter in the open market.
Strong demand in the physical market from bulk consumers and poor rainfall in cane-growing areas restricted the fall, they said.
