Fundamental Aspect
Sugar Futures recover from lower levels on bargain buying. The prices may get support on expectations of higher demand for sugar in coming weeks. The food ministry expects sugar output in 2017-18 (Oct-Sep) at 235-240 lakh tonnes (lt), much below 251 lt projected by the Indian Sugar Mills Association (ISMA). As per the latest official report, Sugar output in Uttar Pradesh may rise to about 92-93 lt in 2017-18, up from...
