Sugar Futures Closed Lower On Monday

Sugar Futures closed lower on Monday on reports of sufficient domestic stocks and good monsoon rains will enhance sugarcane production. The most-active October sugar contract closed lower by 0.75% to settle at 3,562 per quintal. In a new development, NCDEX has halved the threshold of sugar futures to 100,000 tn from existing 200,000 tn. Earlier, imposition of additional and special margin pressurizes the prices as market participants have liquidated their positions. Exchange is imposing of total margin increased to 45 % for buy side and 15% to sell side for all sugar contracts.

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