Adequate stocks in the spot markets following higher supplies from millers too weighed on the sweetener prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in May fell by Rs 16, or 0.49 per cent to Rs 3,278 per quintal with an open interest of 69,370 lots.
Similarly, the sweetener for delivery in March declined by Rs 11, or 0.35 per cent to Rs 3,165 per quintal in 93,740 lots.
Analysts said the fall in sweetener prices at futures trade was mostly due to profit-booking by traders at current levels against adequate stocks on increased supplies from mills.
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