Moneycontrol
Jun 20, 2017 11:21 AM IST | Source: Moneycontrol.com

Expect Sugar futures to trade sideways: Angel Commodities

According to Angel Commodities, Sugar futures may trade sideways as the supplies have been sufficient in the domestic market.

Expect Sugar futures to trade sideways: Angel Commodities

Angel Commodities' report on Sugar


Sugar Futures mostly unchanged 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.


Outlook


Sugar futures may trade sideways as the supplies have been sufficient in the domestic market. Increase in FRP is encouraging farmers to take sugarcane crop while good sowing progress in the country will keep pressure on the sugar prices.


For all commodities report, click here


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