date:Feb 18, 2014
SUGAR Indian sugar futures rose, riding on government subsidy for production of raw sugar. The subsidy is expected to boost exports of raws from the world's second biggest producer after Brazil.
They also received support from expectations that India's annual sugar output could drop 4 percent in the 2013/14 season to around 24 million tonnes as cane yields fell in the main producing states due to bad weather. The key March contract ended up 0.4 percent at 2,778 rupees per 100 kg on the NCDE