Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  Indian sugar rises as govt defers easier imports
BackBack

Indian sugar rises as govt defers easier imports

Indian sugar rises as govt defers easier imports

Premium

Mumbai: India sugar futures edged up on Friday morning as the government deferred a widely expected decision on easing imports of raw sugar to help make up for a shortfall in output and contain prices, analysts said.

At 10:36 am, the February futures contract on the National Commodity and Derivatives Exchange was at Rs2,065 per 100 kg, up 0.49%.

However, gains were capped by the market talk millers were signing raw sugar import deals in anticipation of a change in import policy, they said.

Government and trade estimates suggest sugar production will fall to 18 million tonnes in 2008/09, from 26.3 million tonnes a year ago.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Jan 2009, 10:44 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App