Amid profit-booking by speculators at prevailing levels, sugar prices were down by 0.34 per cent to Rs 3,193 per quintal in futures trading today.
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 March contracts fell by Rs 11, or 0.34 per cent to Rs 3,193 per quintal with an open interest of 96,870 lots.
Likewise, the sweetener for delivery in May contracts shed Rs 7, or 0.21 per cent to Rs 3282 per quintal in 30,110 lots.
Analysts said the fall in sweetener prices at futures trade was mostly due to profit-booking by traders at current levels and persistent supplies from mills.
