Sugar futures prices fell by 0.64% to Rs 2,800 per quintal today as traders reduced positions due to sluggish spot demand amid weak trend in global markets.
At the National Commodity and Derivatives Exchange, sugar for September delivery fell by Rs 18, or 0.64%, to Rs 2,800 per quintal, with an open interest of 10,340 lots.
Similarly, the sweetener for August delivery lost Rs 2, or 0.07%, to Rs 2,766 per quintal, with a business volume of 46,290 lots. It had ended 0.32% lower at Rs 2,768 per quintal in yesterday's trade.
Analysts said the fall in sugar futures prices was mostly due to slackened demand from bulk consumers in the spot markets amid sufficient stocks in the market.
Besides, falling prices in the world market also hurt sentiment here, they said.
