Azúcar de la India alcanza baja de contrato debido a oferta más alta

Indian sugar futures hit a contract low on Thursday on a drop in overseas prices and as localmills sold the sweetener aggressively to generate cash for cane payments.

* The key June contract on the National Commodity and Derivatives Exchange was down 0.57 percent at 2,972 rupees per 100 kg at 0833 GMT, after hitting a contract low of 2,970 rupees earlier.

* “Cane arrears have risen substantially. To trim arrears mills are aggressively selling sugar in spot markets,” said Badruddin Khan, associate vice-president of research at Indiabulls Commodities Ltd.

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