Sugar Futures Recovered A Little On Thursday

Sugar Futures recovered a little on Thursday taking clues form the good demand in the physical market. The most-active December sugar contract closed 0.09% higher to settle at 3,495 per quintal. Sugar mills in India's top producing state Maharashtra are allowed to start crushing operations from Nov. 5, nearly a month earlier than previously fixed commencement date. Moreover, Central government is exploring the option of lowering the 40% import duty on the sweetener in its raw form.

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