date:Sep 14, 2015
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Worst is over?
Earlier, sugar house EDF Man had flagged support to prices too from drought in Maharashtra, Indias top sugar-producing state, where the weak monsoon rains could see output drop by some 1.5-2.0m tonnes, curtailing domestic production to 26m tonnes.
And the futures markets in showing an increased premium of white sugar over raw sugar, and a reduced discount of spot October raw sugar futures to the March 2016 contract, both seen signs of less heavy short-term supplies are le