Sugar futures today fell by Rs 25 to Rs 3,550 per quintal as speculators trimmed positions amid weak spot demand and higher supplies.
At the National Commodity and Derivatives Exchange, sugar for delivery in October traded lower by Rs 33, or 2.17%, to Rs 3,550 per quintal, with an open interest of 21,380 lots.
October sugar shed Rs 24, or 0.67%, to Rs 3,556 per quintal, in a turnover of 31,700 lots.
Marketmen said the fall in sugar futures prices was due to adequate stocks following higher supplies in the spot markets and forecasts of surplus output in the next season.
Besides, weak demand in spot markets put pressure on the prices.
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