Sugar prices fell further by 0.11 per cent to Rs 3,597 per quintal in futures trading today as participants engaged in reducing their position, triggered by adequate stocks at the spot market on increased supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in July month declined by Rs 4, or 0.11 per cent to Rs 3,597 per quintal with an open interest of 31,070 lots.
Similarly, the sweetener for delivery in far-month October contracts shed Rs 2, or 0.05 per cent to Rs 3,764 per quintal in 15,020 lots.
Analysts said trimming of positions by participants amid sufficient stocks on increased supplies in the physical market against sluggish demand from bulk consumers mainly kept sugar prices lower at futures trade.
