Sugar futures fell by 0.46% to Rs 2,843 per quintal today, as speculators preferred to book profits after witnessing recent gains but the delay in cane crushing capped the losses.
At the National Commodity and Derivatives Exchange, December sugar dropped by Rs 13, or 0.46%, to Rs 2,843 per quintal, with an open interest of 25,760 lots.
The November contract fell by Rs 11, or 0.39%, to Rs 2,829 per quintal, with an open interest of 8,700 lots.
Analysts said the sugar futures prices fell after speculators locked-in recent gains at prevailing levels, but the delay in cane crushing at key growing states - Maharashtra and Uttar Pradesh - following a tussle between farmers and sugar millers over cane price, limited the losses.
