Sugar Futures Close Higher On Tuesday

Sugar Futures close higher on Tuesday due to bargain buying by the market participant on anticipation of good demand and Bombay high court stays order on sugar stock ceiling in Maharashtra. The most-active December sugar contract closed 0.17% higher to settle at 3,485 per quintal. Sugar millers in Maharashtra heaved a sigh of relief as the Bombay High Court temporarily put a stay on action, by either the Central or state government, against millers who had failed to adhere to 24 per cent stock ceiling.

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