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  • Dec 4th, 2012
  • Comments Off on Indian sugar hits lowest in over a week
Indian sugar futures fell on Monday to hit their lowest in more than a week as subdued demand and higher supplies for the December-to-March period outweighed a delay in cane crushing in Uttar Pradesh, the country's second-biggest sugar producer. At 0946 GMT, the key December contract on India's National Commodity and Derivatives Exchange was down 0.18 percent at 3,285 rupees ($60.3) per 100 kg.

The contract hit a low of 3,275 rupees, a level last seen on November 23., earlier in the day. Spot sugar nudged up 3 rupees to 3,426 rupees per 100 kg at the Kolhapur spot market in top-producing Maharashtra state.

Copyright Reuters, 2012


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