Sugar prices are expected to remain firm on lower monthly quota and expectations of additional exports and sugar decontrol.
The decision on the same is expected to be taken on February 7th 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 Feb NCDEX Futures R s . /qtl support: 2885-2895 resistance: 2922-2930
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