Sugar Futures recover from lower levels on Wednesday on bargain buying. The prices may get support on expectations of higher demand for sugar in coming weeks. The food ministry expects sugar output in 2017-18 (Oct-Sep) at 235-240 lakh tonnes (lt), much below 251 lt projected by the Indian Sugar Mills Association (ISMA).

Outlook

Sugar futures may trade sideways to higher on expectation of higher physical demand. However, sufficient supplies in the domestic market may keep the prices under control. Production is expected to be higher by 25% in 2017/18.

Indian Stock Market Tips>> Click Here>> http://www.ripplesadvisory.com/services.php.