Sugar Futures Closed Higher On Monday

Sugar Futures closed higher on Monday tracking increasing international prices due to forecast of widening supply deficit. Moreover, reports of drop in sugar stocks in the 2015-16 season (October-September) and an expected decline in production during the 2016-17 season due to less acreage is supporting prices. The most-active October sugar contract closed 0.47% higher to settle at 3,598 per quintal last week. Central government is taking steps to stabilize prices by imposed stock limits on sugar mills during the festival season until October-end.

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