Gur and khandsari are traditional Indian sweeteners, which are produced in addition to sugar. These are the natural mixture of sugar and molasses. If pure clarified sugarcane juice is boiled, what is left as solid is gur also called as jaggery.
Capital requirement in gur making is very less, when compared to the capital requirement for a sugar plant of the same capacity. Currently around one-third of India's sweetener production of 26 million tons is in the form of these products.
Sugar futures in NCDEX fell sharply on Thursday after a parliamentary panel suggested curbs on futures trading in agriculture commodities, blaming speculation for a price spiral.
The dollar increased to a four-week high against the yen and strengthened versus the euro as a US government rescue of Fannie Mae and Freddie Mac moved closer to congressional passage and crude oil prices fell.
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