India sugar futures seen up on spot demand
MUMBAI, Dec 2 (Reuters) - India sugar futures are seen up on Tuesday as demand from stockists is likely to remain firm on improved demand for the sweetener at the begining of the month, analysts said.
January futures NSMF9 on the National Commodity and Derivatives Exchange ended up 0.65 percent at 1,846 rupees per 100 kg on Monday.
However, crushing has started in west and cental Uttar Pradesh, the country's second largest producer, and very soon the eastern part will also start crushing. This will put pressure on the sugar stocks and may limit the gains, analysts said.
(Reporting by Abhishek Shanker; editing by Sunil Nair)
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article





India
US
UK










