Sugar prices were down 0.69 per cent to Rs 2,871 per quintal in futures trade today as participants reduced positions, driven 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 March fell by Rs 20, or 0.69 per cent, to Rs 2,871 per quintal with an open interest of 33,420 lots.
Similarly, the sweetener for delivery in December contracts
declined by Rs 16, or 0.58 per cent, to Rs 2,755 per quintal in 54,040 lots.
Analysts said adequate stocks position in the physical market following higher supplies from mills, mainly kept pressure on sugar prices at futures trade.
