Sugar prices were down by 0.24 per cent to Rs 3,263 per quintal in futures trade today as participants lightened their positions amid sufficient stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month May drifted Rs 8, or 0.24 per cent to Rs 3,263 per quintal with an open interest of 52,770 lots.
Likewise, the sweetener for delivery in March contracts shed Rs 5, or 0.16 per cent to Rs 3,153 per quintal in 1,09,970 lots.
Analysts said offloading of positions by traders, triggered by adequate stocks position on higher supplies from mills, mainly led to the fall in sugar prices at the futures trade.
