Sugar Futures Close Lower Yesterday

Sugar Futures close lower yesterday due to reports of record sugar production next year. Sugar output in Maharashtra is set to see a dramatic revival in coming season estimating a production of 73 lt for 2017-18, a rise of 74% from last. According to government data, Sugarcane acreage in the country the area under sugarcane across the country was at 47.4 lakh ha, higher than 44.8 lakh ha a year ago. According to industry sources, India's 2017/18 sugar production will likely jump 25% from the previous year to 25 mt as decent monsoon rains are forecast.

ICE Raw sugar futures fell on Tuesday, after data showed stronger-than-expected output in top grower Brazil. Brazil's center-south, the world's largest sugar producing region, made 1.75 million tonnes of sugar in the second half of May above market estimates.

For Quick Trial – 8962000225 ✔ 
or mail us here:
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
NewerStories OlderStories Home