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Amidst profit-booking by speculators, sugar prices declined by 0.26% to Rs 3,127 per quintal in futures trade today.
Adequate stocks position on ample supplies from mills in the physical market further weighed on the sweetner prices.
At the National Commodity and Derivatives Exchange, sugar for delivery in September fell by Rs 8, or 0.26%, to Rs 3,127 per quintal with an open interest of 9,160 lots.
Similarly, the sweetener for delivery in August shed Rs 6, or 0.20%, to Rs 3,064 per quintal in 21,120 lots.
Analysts said besides profit-bookings by speculators, subdued demand from bulk consumers against increased supplies kept pressure on sugar prices at futures trade.
