Sugar Futures Continue To Fall On Tuesday



Sugar Futures continue to fall on Tuesday on reports of good sugar production by the US mills which will keep the physical supplies adequate. Moreover, there is subdued demand in the physical market as stockists are not willing to buy due to cash crunch situation. The mostactive December sugar contract closed 0.15% down to settle at 3,399 per quintal. In UP, against the production of 0.1 mt of sugar last year, the state mills have already produced 0.75 mt of the sweetener so far. Meanwhile, 100 mills have started crushing operations in the state against 50 units last year in the same period.

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