Monday 3 October 2016

EPIC RESEARCH NCDEX SUGAR UPDATE OF 3 Oct 2016

Sugar Futures prices closed down during the week despite good demand in the physical market. the futures market was under pressure as Exchange has imposed special margin on 10% on long side for Oct contract and 25% on all other running contract. The most-active October sugar contract closed 0.34% lower last week to settle at 3,482 per quintal. Sugar prices may trade down on good physical supplies from mills are continuing in the physical market due to imposed stock limit on mills. Increased margin by the exchange also pressurize prices in the futures market.

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