Amid adequate stocks in the spot market on higher supplies, sugar futures prices fell by 0.68% to Rs 2,648 per quintal today.
At the National Commodity and Derivatives Exchange, sugar for August delivery fell by Rs 18, or 0.68%, to Rs 2,648 per quintal, with an open interest of 43,380 lots. It had ended nearly 0.65% lower in yesterday's trade.
Similarly, the sweetener for September delivery lost Rs 18, or 0.66%, to Rs 2,700 per quintal, with a business volume of 20,330 lots.
Market analysts said the sugar futures prices fell after the government allocated 19.25 lakh tonne of sugar for sale in August in the open market, which is more than the July quota.
However, good demand in the spot markets for the upcoming festive season restricted the losses, they added.
