Login ID:
Password:
Partner Login
Contact Us : 7066511911

ICE raw sugar futures drop on expectations for increased sugar output in India

28 Jan 2022 8:06 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 28 January (Commoditiescontrol): ICE raw sugar futures dropped on Thursday, on expectations for increased sugar output in India.

March NY world sugar on Thursday closed down 0.08 cents or 0.43 percent at 18.41 cents, and March London white sugar closed down $0.10 or 0.02 percent at $499.70.

Sugar prices are under pressure due to expectations that larger sugar crops in India and Thailand will compensate for Brazil's sugar production losses.

The All-India Sugar Trade Association on Thursday forecasted that India 2021/22 sugar production would increase by 2.9 percent year on year to 31.9 MMT.

Support and resistance for Sugar# 11 lies at 18.30 and 18.52 cents, respectively.

(By Commoditiescontrol Bureau: +91-22-40015505)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Sugar trades nearly flat in Delhi, UP factory gate pri...
ICE sugar futures fall near 4-month low on Brazilian ex...
Sugar prices stay nearly steady in Mumbai
Sugar prices unchanged in Mumbai
ICE sugar settles lower on Brazilian supply prospect
more
Top 5 News
Indonesia palm oil firms to get bigger export quotas un...
Season 2021-22: Kapas arrivals at 4,500 bales on June 2...
Cotton softens in AP & Telangana on lower buying
Sugar trades nearly flat in Delhi, UP factory gate pri...
Cotton stays unchanged in Karnataka amid limited spinni...
Top 5 Special Reports
SOPA seeks rollback of customs duty exemption on edibl...
Pigeon Pea (Akola) Inflection Point: Trading Near Ran...
Castor Oil (Kadi) Counter-trend Decline / Next Key Su...
Week Ahead: White Pea prices to remain range bound on l...
Week Ahead: Moong prices unlikely to see fall from curr...
Copyright © CC Commodity Info Services LLP. All rights reserved.