Sugar Futures Closed Down On Wednesday



Sugar Futures closed down on Wednesday on technical correction taking clues from international markets. The most-active October sugar contract closed down by 0.69% to settle at 3,581 per quintal. In a new development, NCDEX has halved the threshold of sugar futures to 100,000 tn from existing 200,000 tn from Friday. Earlier, imposition of additional and special margin pressurizes the prices as market participants have liquidated their positions. The imposition of total margin increased to 45 per cent for buy side and 15 per cent to sell side will be levied from today.

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