Expect Sugar prices to trade sideways: Angel Commodities

According to Angel Commodities, We expect sugar prices to trade sideways on good physical supplies from mills are continuing in the physical market due to imposed stock limit on mills.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Brokerage Recos - Commodities

Oct 19, 2016, 02.54 PM | Source: Moneycontrol.com

Expect Sugar prices to trade sideways: Angel Commodities

According to Angel Commodities, We expect sugar prices to trade sideways on good physical supplies from mills are continuing in the physical market due to imposed stock limit on mills.

Like this story, share it with millions of investors on M3

Expect Sugar prices to trade sideways: Angel Commodities

According to Angel Commodities, We expect sugar prices to trade sideways on good physical supplies from mills are continuing in the physical market due to imposed stock limit on mills.

Post Your Comments

Share Cancel

(more)

, Angel Commodities |

Angel Commodities report on Sugar

Sugar

Sugar Futures closed lower on Tuesday on expectation of starting of early crushing in Maharashtra coupled with good supplies of sugar in domestic market. The most-active December sugar contract closed 0.51% down to settle at 3,532 per quintal.

Global Updates

ICE raw sugar futures closed lower on Tuesday on reports that top cane sugar producer Brazil is expected to produce around 2 mt more sugar and import a high ethanol volume next year as mills tend to allocate more cane to produce sugar.

Sugar production will increase as it is seen between 36.1 mt and 36.4 mt versus 34.1 mt this season, as mills expand their capacity to produce the sweetener by 2 million tonnes.

Outlook

We expect sugar prices to trade sideways on good physical supplies from mills are continuing in the physical market due to imposed stock limit on mills. Government is thinking of extending stock limit for the next sugar season on traders and stockists. The start of new season crushing may also pressurize prices.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Expect Sugar prices to trade sideways: Angel Commodities

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login