Unrestricted exports of 500,000 tonnes of sugar from India may be delayed, trade and industry sources said on Friday.
Crude lost 2.5% and was down to USD 89/barrel. Crude fell despite bullish inventory data. It is currently trading at USD 89 a barrel.
SP Tulsian of sptulsian.com is positive on sugar space.
Crude saw an intraday high of USD 92.58/barrel on Monday, highest level since October 2008. API inventory report will be announced today. Currently it is trading at USD 91.5 a barrel.
Raamdeo Agrawal, Director & Co Founder, Motilal Oswal Financial Services view on sugar.