Sugar Futures Closed Little Higher Yesterday.

Sugar Futures closed little higher yesterday. Sugar May futures closed higher by 0.08% to settle at Rs. 3,541 per quintal. 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.

India is expected to produce 25.64 mt of sugar lower from 26 mt forecasted last month in 2015-16 marketing year against 28.3 mt in the previous year on deficient rains. On the export front, Indian millers have so far, contracted about 14 lt of sugar for exports and likely to see over 80% jump to 20 lt in 2015-16 marketing year.

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