EPIC RESEARCH NCDEX SUGAR UPDATE OF 19 JULY 2016

Sugar Futures price closed lower for the third consecutive day yesterday due to reports of good sowing progress for sugarcane following above normal rains in sugar belts of Maharashtra, Karnataka and UP. Sugar Oct futures closed 0.29% lower to settle at Rs. 3,822 per quintal. Overall sugar continues to trade range bound on expectation of tight supplies. According to data released by the agriculture ministry, acreage under sugarcane in India was at 45.8 lakh hectares as on last week, up 2.2% from 44.8 lakh hectares a year ago.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co