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Sugar futures fell by 0.41 per cent to Rs 2,669 per quintal today on continued off-loading of positions by speculators after the Government released higher non-levy sugar quota for August.
However, an improvement in demand at the spot markets for the upcoming festivals limited the downside.
At the National Commodity and Derivatives Exchange, sugar for delivery in August fell by Rs 11 or 0.41 per cent to Rs 2,669 per quintal, with an open interest of 45,420 lots.
Similarly, sugar for delivery in September fell by Rs 7 or 0.26 per cent to Rs 2,723 per quintal, with an open interest of 18,920 lots.
Analysts said sugar futures prices fell after the Government allocated 19.25 lakh tonne of sugar for sale in the open market August, which is more than the July quota.
However, good spot markets demand for the upcoming festivals restricted the losses, they added.
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