Sugar Futures On NCDEX Closed


Sugar Futures on NCDEX closed little lower due to government intervention in keeping prices lower. Sugar May futures closed lower by 0.12% to settle at Rs. 3,301 per quintal. Moreover, in the current season crushing end earlier in the domestic market resulting in lower production. From the beginning of the current 2015-16 season and till 30 April 2016, sugar mills have produced 24.6 mt of the sweetener, down 11 per cent as compared to 27.6 mt produced in the 2014-15 sugar season. Stockists are staying away from sugar buying on fear of imposition of stock limit.

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