Sugar marginally down on increased supply

Firm spot demand caps losses

Sugar futures today fell by Rs 6 to Rs 3,586 per quintal as speculators trimmed positions amid higher supplies in the spot markets.

At the National Commodity and Derivatives Exchange, sugar for delivery in October traded lower by Rs 6, or 0.17%, to Rs 3,586 per quintal, with an open interest of 38,480 lots.

September sugar shed Rs 3, or 0.08%, to Rs 3,543 per quintal.

Marketmen said fall in sugar futures prices was due to adequate stocks following increased supplies but firm demand in the spot markets for the festive season capped the losses.