The National Commodities and Derivatives Exchange (NCDEX) will increase the margin money on all sugar contracts with effect from March 11, 2016. The exchange will increase additional margin of 5% on both the Long side and Short side which will be imposed on all running contracts and yet to be launched contract in sugar.
The production of sugar from the beginning of the season, October 01, 2015 to February 29, 2016, was up by 2% at 199.47 lakh tons (LT) compared to 195.58 LT produced during the same period in 2014-15 SS. During the current 2015-16 SS, out of 513 sugar mills which started operations, 107 have shut their operations by February 29, 2016.
Last year, out of 517 sugar mills which were in operation between October 01 and February 28, 2015, 13 had shut their operations.