Sugar prices are expected to trade sideways as ample stocks in the domestic might pressurize prices while notification of the sugar exports is likely to provide support to the prices.
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 Dec NCDEX Futures R s . /qtl support: 2930-2945 resistance: 2980-2990
Sugar Dec MCX Futures R s ./qtl support:2930-2945resistance: 2980-2990
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