Sugar futures traded 1.21% lower at Rs 2,705 per quintal today amid supply pressure following higher output.
At the National Commodity and Derivatives Exchange, sugar for delivery in June fell by Rs 33, or 1.21% to Rs 2,705 per quintal, with an open interest of 22,920 lots.
Similarly, sugar for delivery in May lost Rs 18, or 0.66% to Rs 2,725 per quintal, with an open interest of 26,780 lots.
Analysts attributed the fall in sugar futures prices to adequate stocks following higher production estimates against weak demand from bulk consumers such as ice-cream and soft drink makers.
