Sugar Futures Closed Higher On Tuesday



Sugar Futures closed higher on Tuesday as the mill level prices remain positive as crushing and production activities are severely affected due to shortage of cane which will led to early closure of crushing. As per ISMA, Sugar mills produced 10.5 mt of the sweetener between 1 October and 15 January, about 5.3% lower than a year earlier. In top sugar-producing state Maharashtra, 56 mills have closed due to cane shortage, while in Karnataka 21 mills have stopped crushing process as per Indian Sugar Mills Association (ISMA). Sugar mills typically operate between November and April, but this year mills have stopped crushing due to lower cane supplies 

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