Sugar prices were down by 0.42 per cent to Rs 3,516 per quintal in futures trade today as participants reduced their bets amid adequate stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in July month fell by Rs 15, or 0.42 per cent to Rs 3,516 per quintal with an open interest of 45,290 lots.
Market analysts said trimming of positions by traders, driven by sufficient stocks position on higher supplies from mills in the physical market, mainly kept pressure on sugar prices at futures trade.
