Capital stroke NCDEX Update : SUGAR 22 MAY 2014

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.
ISMA has reported Sugar production between Oct -Apr at 23.75 mn tn, down 3.45 per cent against 24.6 mt during the same period a year ago.Sugar futures may trade on a negative note. Higher supplies, lack of fresh export orders and weak demand may continue to keep prices under downside pressure. However, demand from bulk consumers may support prices at lower levels.


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