Amid profit-booking by speculators at prevailing higher levles, sugar futures today fell by Rs 19 to Rs 3,593 per quintal as speculators trimmed positions.
At the National Commodity and Derivatives Exchange, sugar for delivery in October traded lower by Rs 19, or 0.53%, to Rs 3,593 per quintal, with an open interest of 42,790 lots.
November sugar fell by a similar margin to Rs 3,597 per quintal, with an open interest of 16,410 lots.
Marketmen said fall in sugar futures prices was due to continued profit-booking by speculators at current levels.
They, however, added that strong demand in the spot markets ahead of festivals and concerns over lower rainfall in top producing Maharashtra state, which could trim production, restricted the losses.
