EPIC RESEARCH NCDEX SUGAR UPDATE OF 15 JUNE 2016

Mixed sentiments were recorded in spot sugar market on Tuesday on the
back of regular demand and off take.The Indian government is mulling on imposing 25% tax on exports on sugar to contain the shipments from India. This step is in wake of two consecutive droughts in the country which eventually hit output of the agri-commodities of the country.The Karnataka govt. exempted purchase tax and cess (for the next two yearsi.e. till 31st March, 2018) to those sugar millers in the state which comply with the payment of pending cane arrears to the farmers for the past three years i.e. 2013-14, 2014-15 and 2015-16.International sugar prices jumped up on back of harvest delaying rain and forecast of crop damaging frost in Brazil’s main centre south region.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co