NEW DELHI: Sugar remained weak and prices fell by another 0.46 per cent to Rs 2,360 per quintal in futures trade today amid higher supplies from mills against subdued demand.

Besides, reports of higher output this marketing year kept pressure on the prices. 
 

At the National Commodity and Derivatives Exchange, sugar for delivery in July month eased by Rs 11, or 0.46 per cent to Rs 2,360 per quintal with an open interest of 50,950 lots.

Also, the sweetener for delivery in May contracts traded marginally lower by Re 1, or 0.04 per cent to Rs 2,270 per quintal in 12,080 lots.

Analysts said offloading of positions by speculators, triggered by higher supplies from mills against lower demand from demand from bulk consumers, mainly kept sugar prices lower at futures trade.