Sugar prices were down by 0.58 per cent to Rs 3,601 per quintal in futures trade today as participants trimmed their bets, triggered by adequate stocks at the spot market on higher supplies from mills.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month July fell by Rs 21, or 0.58 per cent to Rs 3,601 per quintal with an open interest of 24,780 lots.
Similarly, the sweetener for delivery in May contracts traded lower by Rs 16, or 0.46 per cent to Rs 3,478 per quintal in 1,18,510 lots.
Market exports said trimming of positions by traders, driven by sufficient stocks position on higher supplies from mills in the physical market against muted demand from bulk consumers, mainly kept pressure on sugar prices at futures trade.
