Sugar Futures Continue Its Downtrend

Sugar Futures continue its downtrend on reports of sufficient domestic stocks and good monsoon rains will enhance sugarcane production. The most-active October sugar contract closed lower by 0.17% to settle at 3,467 per quintal. Earlier, food ministry has asked govt to drop sugar from futures trade. However, exchange has imposed additional and special margin to control speculation. Now the total margin increased to 45% for buy side and 15% to sell side for all sugar contracts.

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