Sugar Futures Closed Lower

Sugar Futures closed lower as market expects higher supplies in the domestic market after reports of 2 per cent increase in sugar production for Oct-Feb period. Sugar Mar futures closed lower by 0.25% to settle at Rs. 3,225/quintal. However, there is expectation of better exports from the country as International prices have improved significantly. 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.

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