NCDEX Sugar Trades Lower On Ample Supply

NCDEX Sugar futures traded lower Wednesday due to ample supply in the domestic markets amid subdued spot demand. In NCDEX sugar December contract is trading at Rs.2906 per quintal, lower by 0.95 per cent on 15:30 IST against the previous close.

The government has notified the export of one million tonnes of Sugar in 2011-12 seasons. The ministry has given 45 days to sugar mills to apply for export release orders, which will be valid for 60 days.