Sugar Futures Closed Lower

Sugar Futures closed lower on good sugar productions this sugar season coupled with less demand from the stockists. The most-active December sugar contract closed 1.04% lower to settle at 3,414 per quintal. Sugar production in India has increased marginally this season due to early crushing in states like Uttar Pradesh and Karnataka. As per ISMA, Indian sugar mills produced 2.74 mt of sugar between Oct. 1 and November. 30, up 17% compared to last year same period.

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