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MUMBAI (Commodity Online): NCDEX Sugar futures traded down on higher production and weak demand.

According to the analysts, sugar futures tarded down on weak demand and adequate stocks in the market on the back of higher production.

India is expected to produce around 26 million tons of Sugar for 2011-12, while the expected consumption is estimated to be around 22 million tons.

In NCDEX, the commodity for February delivery traded down 0.14% to Rs 2835.00 at 12:35 IST on Monday.

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