Sugar prices are expected to remain sideways to up on expectation of lower sugar quota for the month of January 2012.
From long term perspective, prices are expected to take cues from the Sugar output estimates in the domestic market, change in government policies with respect to exports and International Sugar prices, which would be influenced by the supplies from Brazil, Thailand and India and demand from China.
Sugar Jan NCDEX Futures R s . /qtl support: 2870-2875 resistance: 2900-2910
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