Sugar Futures Corrected On Wednesday

Sugar Futures corrected on Wednesday due to profit booking but market participants see sugar deficit in the coming sugar season capped further loss. The most-active October sugar contract closed higher by 0.11% to settle at 3,538 per quintal. Central government is taking steps to stabilize prices by imposed stock limits on sugar mills during the festival season until October-end. Earlier to curb the speculation, exchange has imposed additional and special margin and now the total margin increased to 45% for buy side and 15% to sell side for all sugar contracts.

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