Sugar slipped 1.01 per cent to Rs 2,162 per quintal in futures trade today as speculators indulged in reducing positions amidst higher supplies from mills at spot market.
At National Commodity and Derivatives Exchange, sugar for delivery in October fell Rs 22, or 1.01 per cent to Rs 2,162 per quintal with an open interest of 42,140 lots.
Similarly, the sweetener for delivery in December contracts moved down by Rs 20, or 0.88 per cent to Rs 2,250 per quintal in 21,000 lots.
Analysts attributed the persistent fall in sugar prices in futures trade to higher supplies from mills in the physical market against muted demand from bulk consumers.
