Sugar prices declined by 0.32% to Rs 2,769 per quintal in futures trade today as speculators booked profits but summer season demand capped the losses.
At the National Commodity and Derivatives Exchange, the April delivery fell by Rs 9, or 0.32%, to Rs 2,769 per quintal, with an open interest of 35,920 lots.
The May contract fell by Rs 8, or 0.28%, to Rs 2,826 per quintal, with an open interest of 33,260 lots.
Analysts attributed the fall in sugar futures prices to profit-booking by speculators but improved seasonal buying by bulk consumers such as soft-drink and ice-cream makers in the spot market restricted the losses.
