Sugar prices fell by 1.09 per cent to Rs 2,456 per quintal in futures trading today as speculators trimmed positions amid weak trend due to good supply position.
Besides, expectations of a higher output kept pressure on sugar.
At the National Commodity and Derivatives Exchange, sugar for delivery in May month fell by Rs 27, or 1.09 per cent, to Rs 2,456 per quintal with an open interest of 39,530 lots.
Similarly, the sweetener for delivery in March contracts shed Rs 6, or 0.24 per cent, to Rs 2,480 per quintal in 13,510 lots.
Analysts said offloading of positions by participants, triggered by adequate stocks position in spot markets on sustained supply from mills, mainly kept influenced sugar prices at futures trade.
