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Amid adequate stocks in the spot market on higher supplies, sugar futures prices fell by 0.68 per cent to Rs 2,648 per quintal today.
At the National Commodity and Derivatives Exchange, sugar for delivery in August fell by Rs 18 or 0.68 per cent to Rs 2,648 per quintal with an open interest of 43,380 lots. It had ended nearly 0.65 per cent lower in yesterday’s trade.
Similarly, the sweetener for delivery in September lost Rs 18 or 0.66 per cent to Rs 2,700 per quintal, with a business volume of 20,330 lots.
Market analysts said sugar futures prices fell after the Government allocated 19.25 lakh tonne of sugar for sale in August in the open market, which is more than the July quota.
However, good demand in the spot markets for the upcoming festive season restricted losses, they added.
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