Indian sugar futures fell on Friday afternoon as traders squared off their positions on the last day of the July contract. At 1:40 pm (0810 GMT), the benchmark August contract on the National Commodity and Derivatives Exchange was down 0.15 percent at 1,336 rupees ($33.2) per 100 kg, while the September contract was flat at 1,357 rupees.
The July contract fell 0.31 percent to 1,276 rupees. The open interest in the July contract stood at 12,020 tonnes, down from 13,970 tonnes at close on Thursday, trade data showed. Exchange warehouses had received deliveries for more than 10,000 tonnes until Thursday, and traders said they were expecting about 2,000 tonnes more on Friday.