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Indian sugar futures hit new highs on low output

Posted on 09 April 2009

From Reuters: Indian sugar futures extended gains to hit new contract highs on Wednesday, bolstered by a downward revision in output estimates and a firm spot demand from bulk buyers.

India’s sugar output will fall to 14.2 million tonnes in 2008/09, down 8.4 percent from previous estimates, as lower cane availability forced mills to end crushing earlier than expected, a top trade official said late on Monday…..Full Article: Source


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