MUMBAI: Sugar futures may ease in morning trade on Thursday on hopes of higher supplies in the spot market ahead of an anticipated festival demand from August, analysts said.
The sugar September futures ended up 0.76 percent at 1,722 rupees per 100 kg on the National Commodity and Derivatives Exchange on Wednesday. But government allowing exports to the US from the 2007/08 free sale quota and strong spot demand may limit the losses, they added.
The sugar September futures ended up 0.76 percent at 1,722 rupees per 100 kg on the National Commodity and Derivatives Exchange on Wednesday. But government allowing exports to the US from the 2007/08 free sale quota and strong spot demand may limit the losses, they added.
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