 "A vendor arranges price tag over sack filled with sugar at wholesale vegetable market in Ahmedabad")
Sugar prices drifted 0.33% to Rs 3,277 per quintal in futures trading today as speculators lightened their positions amid ample stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in May month declined by Rs 11, or 0.33% to Rs 3,277 per quintal with an open interest of 44,380 lots.
In a similar manners, the sweetener for delivery in March contracts moved down by Rs 8, or 0.25%, to Rs 3,165 per quintal in 1,10,150 lots.
Analysts said offloading of positions by traders, triggered by sufficient stocks on higher supplies from mills, mainly led to the fall in sugar prices at the futures trade.
