Sugar futures prices fell by Rs 25 to Rs 2,706 per quintal today as traders booked profits at existing high levels guided by subdued demand in the spot markets.
At the National Commodity and Derivatives Exchange, sugar for delivery in July fell by Rs 25, or 0.92%, to Rs 2,706 per quintal, with an open interest of 37,010 lots.
Similarly, the sweetener for delivery in August lost Rs 24, or 0.87%, to Rs 2,724 per quintal, with a business volume of 20,270 lots.
Analysts said the fall in sugar futures prices was due to profit-taking by traders driven by a weak demand in spot markets.
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