Sugar Futures Closed

Sugar Futures closed with the weekly gain on reports of increasing international prices due to forecast of widening supply deficit. Moreover, news on 35 per cent loss in Maharashtra sugarcane and lower planting this season also supports prices at higher levels. The most-active October sugar contract closed 1.07% higher to settle at 3,581 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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