Sugar prices fell by 0.29 per cent to Rs 3,759 per quintal in futures trade today as speculators trimmed their positions amid adequate stocks position on increased supplies at spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in May was trading lower by Rs 11, or 0.29 per cent, to Rs 3,759 per quintal with an open interest of 1,440 lots.
Meanwhile, government today decided to extend stock limits on sugar traders by another six months till October 2017 to check sweetener prices that are ruling at Rs 42-44 per kg.
Analysts said offloading of positions by traders, triggered by sufficient stocks position on increased supplies from mills in the physical market against tepid demand, mainly weighed on sugar prices at futures trade.
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