India won’t allow new sugar exports to prevent domestic shortages
India, which vies with Brazil as the world’s biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies. The government has decided not to approve new sugar shipments after meeting with some cane officials from major producing […]
Sugar production up 3.42% to 19.35 mn tonnes in Oct-Jan of 2022-23: ISMA
The country’s sugar production rose 3.42 per cent to 193.5 lakh tonnes in the first four months of the ongoing marketing year ending September, on rise in output in key producing states, industry body ISMA said on Thursday. Sugar production stood at 187.1 lakh tonnes during October-January period […]
Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.Alternative Scenario:Price […]