Sugar Prices On Futures Exchange

Sugar prices on Futures Exchange have been correcting in recent trade due to government interventions to impose stock limits in all the states.

Sugar may trade sideways to lower during next month or two on expectation of improved supplies from the sugar mills as stocks are sufficient in the domestic market. Sugar prices in International market are under pressure recently due to good start to Brazil crushing season and forecast of improved sugar production in top sugar producing countries except India and China. Moreover, above normal monsoon for 2016-17 may help increase in acreage of sugarcane in the country.

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