Sugar Futures Closed Higher

Sugar Futures closed higher in weekly basis but traded down on Friday on profit bookings. Sugar May futures closed lower by 2.70% to settle at Rs. 3,538 per quintal. However, spot prices at Vashi increased by 1.67% on good physical demand. Sugar production as on March 31 is 4.43% lower than the sugar production during corresponding period of previous year as per ISMA data release. All India sugar production is 237 lt, up to March 31, 2016, which is about 11 lt less than last year.

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