Expect Sugar prices to trade sideways to higher: Angel Commodities

Sep 06, 2017 03:25 PM IST | Source: Moneycontrol.com

According to Angel Commodities, Sugar futures may trade sideways to higher on good festive demand, tight supplies also reports of no early crushing by Maharashtra mills.

Angel Commodities’ report on Sugar

Sugar Futures jumped higher on Tuesday on anticipation of good festival demand and reports that country may see tight supplies despite a 20% rise in output expected in 2017-18 (Oct-Sep), as ending stocks are seen tumbling to multi-year lows.

Outlook

Sugar futures may trade sideways to higher on good festive demand, tight supplies also reports of no early crushing by Maharashtra mills.

For all commodities report, click here

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