Sugar Futures Closed Higher

Sugar Futures closed higher on Friday due to some recovery from lower levels. Overall sugar continues to trade down due to sufficient availability of sugar due to government policies on sugar exports and stock limits. Sugar Jul futures closed 0.50% higher to settle at Rs. 3,605 per quintal. Ministry of Consumer Affairs, Food & Public Distribution said in a note that there is more than enough sugar in the country to meet domestic requirement. Even in coming sugar season 2016-17, there would be no shortage of domestically produced sugar in India. The production of sugar estimated at about 25.1 mt in the current sugar season (2015-16) while demand about 25.5 mt.

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