Sugar prices declined by 0.20 per cent to Rs 3,035 per quintal in futures trading today as speculators booked profits at prevailing levels amidst ample supplies.
Besides, sluggish demand in the spot market put pressure on the sweetener's prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in July fell by Rs 6, or 0.20 per cent, to Rs 3,035 per quintal with an open interest of 35,810 lots.
Similarly, the sweetener for delivery in August traded lower by Rs 5, or 16 per cent, to Rs 3,064 per quintal in 20,670 lots.
Market analysts said apart from profit-booking by speculators at existing levels, subdued demand in the spot market against ample supplies led to the fall in sugar prices at futures trade.
