Sugar prices in futures trade fell by 0.60 per cent to Rs 2,834 per quintal today as speculators reduced their positions, driven by higher supplies in the spot market.
However, pick-up in demand from bulk consumers restricted the losses.
At the Multi Commodity Exchange (MCX), sugar for delivery in April fell by Rs 17, or 0.60 per cent, to Rs 2,834 per quintal, with a business turnover of 17,780 lots.
Similarly, sugar for delivery in March fell by Rs 16, or 0.58 per cent, to Rs 2,754 per quintal, with a business volume of 28,640 lots.
Market analysts attributed the fall in sugar prices to higher supplies of non-levy sugar in the market. They, however, added that pick up in demand from cold-drink makers and other bulk consumers, restricted the losses.
