Sugar futures prices are trading at three months low, due to higher domestic supplies and steady physical demand. In addition to the import of nearly 5 lt of raw sugar allowed by the central government, nearly 3 lt of raw sugar is on its way to the country as international raw sugar prices have tumbled. According to government data, Sugarcane acreage in the country was at 47.5 lakh ha, higher than 44.8 lakh ha a year ago.
Information source: www.skymetweather.com
