Sugar Futures Closed Higher On Wednesday

Sugar Futures closed higher on Wednesday on lower level buying by the market participants. The most-active March sugar contract closed 0.45% higher to settle at 3,564 per quintal. The country is likely to produce 23.4 mt sugar in 2016/17, down about 7% from a year earlier as back-to-back droughts ravaged cane crops in the top producing western state of Maharashtra and Karnataka.

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