Sugar Futures Continue

Sugar Futures continue its downtrend tracking international market and reports of sufficient domestic stocks and good monsoon rains will enhance sugarcane production. The most-active October sugar contract closed lower by 1.64% to settle at 3,743 per quintal. Earlier, imposition of additional and special margin pressurizes the prices as market participants have liquidated their positions. Exchange is now imposing of total margin increased to 45 % for buy side and 15% to sell side for all sugar contracts. In a new development, NCDEX has halved the threshold of sugar futures to 100,000 tn from existing 200,000 tn.

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