Do More With Reuters
Partner Services

India sugar seen up on demand hopes, world deficit

Fri Aug 29, 2008 9:14am IST
 
Email | Print | | Single Page
[-] Text [+]

MUMBAI, Aug 29 (Reuters) - Indian sugar futures may open up on Friday on a likely increase in demand during upcoming festivals and a trade body forecast of a world sugar deficit in 2008/09, analysts said.

The International Sugar Organization on Thursday forecast a world sugar deficit of 3.90 million tonnes in 2008/09 compared with a surplus of 7.25 million in 2007/08. See [ID:nLS689517]

Demand for sugar usually increases during Ganesh Chaturthi, a popular 12-day Hindu festival, which starts Sept. 3.

Sugar prices may also get support from a trade official's forecast Maharashtra output, the country's biggest producer, could slump to 5.2 million to 5.7 million tonnes in the crop year beginning October. See [ID:nBOM253296]

Sugar October futures NSMV8 ended up 0.67 percent at 1,794 rupees per 100 kg on the National Commodity and Derivatives Exchange on Thursday. (Reporting by Rajendra Jadhav; Editing by Harish Nambiar)

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article