Indian sugar futures fell on Wednesday after the cabinet extended by six months a limit on the quantity of sugar that mills can hold, in a move to contain high local prices.
May sugar was down 0.2 per cent at 3,761 rupees ($58.
26) per 100 kg on the National Commodity & Derivatives Exchange Ltd (NCDEX) as of 1240 GMT.
The price of the contract had breached the 4000-rupee level to reach a record high in February.
India, the world's biggest sugar consumer, earlier this month allowed imports of 500,000 tonnes of duty-free raw.