Sugar Futures Closed Higher On Thursday

Sugar Futures closed higher on Thursday taking clues from international markets. The most-active October sugar contract closed higher by 0.20% to settle at 3,588 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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