Sugar Futures Closed Higher

Sugar Futures closed higher after two days of fall that the country will import sugar later in the season. As per the Chairman of All India Sugar Trade Association, India may need to import around 1.5 mt of sugar this 2016/17 season. India’s sugar production fell by 10 % to 128.6 lt in the first four months of the 2016-17 marketing year that started October last, due to lower cane production in Maharashtra because of drought.

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