Sugar futures fell marginally by Rs 4 to Rs 2,913 per quintal today as speculators indulged in booking profits.
However, improved demand and hopes of higher exports after the government permitted unrestricted overseas sales capped the losses.
At the NCDEX, the May delivery fell by Rs 4, or 0.14%, to Rs 2,913 per quintal, with an open interest of 53,460 lots.
The June delivery shed Rs 3, or 0.10%, to Rs 2,946 per quintal, with an open interest of 28,530 lots.
Analysts said the fall in sugar futures prices was mostly owing to profit-booking by speculators after recent gains but firm spot demand and hopes of higher exports restricted the losses.
Meanwhile, at the Kolhapur spot market and in the largest producing state, Maharashtra, sugar prices rose by Rs 24 to Rs 2,875 per quintal in yesterday's trade.
