Amid profit-booking by speculators and subdued spot demand, sugar prices drifted 2.14 per cent to Rs 2,426 per quintal in futures trade today.
Besides, adequate stocks position on higher supplies from mills weighed on sweetener prices.
At National Commodity and Derivatives Exchange, sugar for delivery in far-month December dropped by Rs 53, or 2.14 per cent to Rs 2,426 per quintal with an open interest of 24,550 lots.
Likewise, the sweetener for delivery in far-month October contracts traded lower by Rs 42, or 1.73 per cent to Rs 2,379 per quintal in 51,950 lots.
Analysts attributed fall in sugar prices at futures trade to profit booking by speculators at existing levels amid easing demand from bulk consumers.
