Sugar Futures Prices Closed Down

Sugar Futures prices closed down on Monday as market participants reluctant enter buying sugar due to higher margins. 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 0.26% lower on Monday to settle at 3,485 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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