EPIC RESEARCH NCDEX SUGAR UPDATE OF 01 JANUARY 2016

Sugar Futures on NCDEX traded on positive note yesterday due to improved local demand on anticipation of lower production this year due to below normal rains and expectation of high exports. Sugar Mar futures closed 0.66% higher at Rs. 3,215 per quintal. Moreover, better export prospects and positive global clues from Brazil too helped sugar prices to trade higher. ISMA has forecast India's sugar output at 27 mt this season as compared to 28.3 million tonnes last year.

We expect sugar to trade higher on reports of good local demand from stockists and traders. Reports of encouraging exports from the country also support prices. Bullish clues are also coming from Brazil’s as it may produce less than expected sugar.

For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co