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    HomeNewsBusinessStocksExpect Sugar prices may trade sideways: Angel Commodities

    Expect Sugar prices may trade sideways: Angel Commodities

    According to Angel Commodities, We expect sugar prices may trade sideways on anticipation of higher sugar demand but mills are keeping supplies adequate as they are not keen on the idea to import sugar in the country.

    March 03, 2017 / 10:46 IST

    Angel Commodities' report on Sugar

    Sugar Futures corrected a little on Thursday as government asked sugar mills to ensure adequate supplies. There are reports of high domestic demand for sugar by ICRA. Meanwhile, ISMA reports 15% drop in sugar output till 15-Feb-17 compared to last year production. Sugar mills in the country have produced 146.72 lt of sugar this season, as compared to 173.34 lt produced as on 15th Feb 2016.

    Outlook

    We expect sugar prices may trade sideways on anticipation of higher sugar demand but mills are keeping supplies adequate as they are not keen on the idea to import sugar in the country. On the other hand, the market participants are waiting for any government policy change regarding stock limit or import tax exemption, if the prices go beyond a certain limit.

    For all commodities report, click hereDisclaimer: 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.

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    first published: Mar 3, 2017 10:46 am

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