Sugar prices are expected to remain firm on expectations the government may approve further 1 mn tn sugar exports in the meeting to be held today.
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:2880-2890 resistance:2922-2930
Looking for Trading Advisories? Visit tips.commodityonline.com