Wednesday, September 13, 2017

MCX Agri Sugar updates for Today

Sugar Futures closed unchanged on Tuesday but the trend is looking positive on anticipation of good festival demand and reports that country may see tight supplies despite a 20% rise in output expected in 2017-18 (Oct-Sep), as ending stocks are seen tumbling to multi-year lows.


Moreover, imposing stock limits on sugar mills government is likely to allow import of 300,000 tn of raw sugar at 25-30% import duty. 
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