Sugar prices fell by 0.28 per cent to Rs 2,467 per quintal in futures trade today as traders reduced positions, triggered by adequate stocks at the spot market on higher supplies from mills against low demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in October declined by Rs 7, or 0.28 per cent, to Rs 2,467 per quintal with an open interest of 29,730 lots.
Similarly, the sweetener for delivery in far-month December contracts eased by Rs 6, or 0.24 per cent, to Rs 2,494 per quintal in 44,560 lots.
Analysts said offloading of positions by traders, driven by ample stocks position on higher supplies from mills in the physical market against low demand from retailers and bulk consumers, mainly kept sugar prices lower at futures trade.
