date:Dec 31, 2013
Indian sugar futures were treading water on Monday as ample supply and sluggish demand due to a drop in temperature offset expectations that the government would provide incentives to mills to produce raw sugar.
* At 0926 GMT, the key February contract was unchanged at 2,789 rupees per 100 kg on the National Commodity and Derivatives Exchange.
* There would be further reduction in demand from the organised sector due to cold weather. Some mills might be forced to give discounts, said Ashwini B