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News


India sugar hits over 6-year low
Date: 16 Jun 2015
Source: Reuters
Reporter: Staff
News ID: 4430
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Indian sugar futures dropped on Monday to their lowest level in more than six years on ample supplies and as the monsoon rains covered top sugar producing Maharashtra state.

* At 1155 GMT, the key October contract was quoted 1.78 percent lower at 2,213 rupees per 100 kg, after falling to 2,205 rupees earlier in the day, the lowest level since April 2009.

* India, the world's biggest sugar consumer, is likely to start the 2015/16 marketing year starting Oct. 1 with carry-forward stocks of 10.3 million tonnes, up 37 percent from the current year.

 
  

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