Sugar prices fell by 0.65 per cent to Rs 2,430 per quintal in futures trade today as speculators trimmed positions amid increased supplies from mills at spot market.
Besides, reports of higher output this marketing year kept pressure on the prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in October fell by Rs 16, or 0.65 per cent to Rs 2,430 per quintal with an open interest of 25,530 lots.
Similarly, the sweetener for delivery in July contracts traded lower by Rs 11, or 0.46 per cent to Rs 2364 per quintal in 50,650 lots.
Analysts said offloading of positions by speculators, driven by higher supplies from mills, mainly kept pressure on sugar prices at futures trade.
