Indian sugar futures slumped on Friday on local media reports
that New Delhi was considering a ceiling on the stocks that millers could hold
to keep prices in check.
The most-active October sugar contract NSMV6 was trading 2.7
percent lower at 3,720 rupees per 100 kg .
India is already taxing exports of the sweetener to maintain
domestic supplies and the imposition of a ceiling is likely to further improve
availability, pressuring prices.
power by Mcx live News
