Sugar Futures Gain On Wednesday

Sugar Futures gain on Wednesday mainly due to good physical demand on reports of lower production estimated in current season. Sugar Jul futures closed 1.60% higher to settle at Rs. 3,614 per quintal. In current sugar year (Oct-Sep) until 30th April 2016 sugar mills have produced 246.03 lt of sugar, down 11% as compared to 276.04 lt produced in 2014- 15 SS till at the same corresponding period. However, stock limits for traders may keep pressure on sugar prices in the spot market.

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