Sugar Futures On NCDEX

Sugar Futures on NCDEX continue to fall as Exchange impose cash margin discourage speculators to build further positions. Sugar May futures closed lower by 1.11% to settle at Rs. 3,288 per quintal. Stockists are staying away from sugar buying on fear of imposition of stock limit. NCDEX has imposed special and additional cash margins of 5% each on all sugar contracts. Moreover, government has empowered states to impose stock holding limits on sugar under the Essential Commodities Act.

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