Sugar Futures Closed Higher

Sugar Futures closed higher tracking international price coupled with expectation of better exports from the country. Sugar Mar futures closed higher by 0.41% to settle at Rs. 3,194/quintal. Mills have already contracted to ship out 1.2 mt, out of the 4 mt of sugar government has mandated for the sugar millers in current year. Maharashtra government agrees demand from producers to reduce mandatory export obligation by about 40% may pressurize prices.

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