Amid profit-taking by speculators and subdued demand at spot markets, sugar futures prices fell by Rs 29 to Rs 2,714 per quintal today.
At the National Commodity and Derivatives Exchange, sugar for July delivery fell by Rs 29, or 1.06%, to Rs 2,714 per quintal, with an open interest of 24,800 lots.
Similarly, the sweetener for August delivery lost Rs 29, or 1.03%, to Rs 2,781 per quintal, with a business volume of 31,220 lots.
Analysts said the fall in sugar futures prices was due to profit-taking by traders after recording gains in the previous session amid weak demand in spot markets.
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