Sugar Futures Prices Closed Down On Thursday

Sugar Futures prices closed down on Thursday taking clues from international markets while prices improved in physical market due to good domestic demand. Earlier, Exchange has imposed special margin on 10 % on long side for Oct contract and 25 % on all other running contract. The most-active October sugar contract closed 0.55% lower to settle at 3,493 per quintal. Since the start of the year, central government is taking steps to stabilize prices by imposed stock limits on traders and sugar mills, export taxes etc to keep sufficient physical availability in the domestic market.

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