Sugar futures fell by 0.35% to Rs 2,815 per quintal today after some speculators offloaded their positions amid higher supplies in the wholesale markets.
However, increased demand for the ongoing festivals, capped the losses.
At the National Commodity and Derivatives Exchange, November sugar fell by Rs 10, or 0.35%, to Rs 2,825 per quintal, with an open interest for 3,690 lots.
The October delivery fell by Rs 8, or 0.29%, to Rs 2,789 per quintal, with an open interest for 11,480 lots.
Analysts said the fall in sugar futures prices was mostly due to off-loading of positions following adequate stocks on higher supplies position in physical markets.
However, a rise in spot demand for the festival season limited the losses.
