Thursday 15 May 2014

Capital stroke NCDEX Update : SUGAR 15 MAY 2014

Sugar June futures recovered from lower levels on Wednesday on short coverings and settled 0.66% higher. Prices have declined over the last few days traded weak demand coupled with long liquidation, rising supplies and lack of fresh export demand.
The government, in its notification, has cut the subsidies on raw sugar export from Rs. Rs. 3300/tn to Rs. 2777/tn for the months of April and May ’14.

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