Sugar Futures Close Lower On Thursday



Sugar Futures close lower on Thursday tracking the physical market where the prices have come down due to ample supplies and steady demand. The most-active December sugar contract closed 0.32% down to settle at 3,481 per quintal. Moreover, government is looking to enhance domestic supplies by reduce import duty if the prices domestic market increase. Central government is exploring the option of lowering the 40% import duty on the sweetener in its raw form.


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