Image: Traders UnionSugar No. 11 price recovery attempt gains traction as oversold conditions trigger buying interest
• Sugar No. 11 prices rose 2.08% to USX17.63 as oversold market conditions triggered renewed buying interest and trade momentum. • The Indian government is easing supply constraints by relaxing rules for duty-free raw sugar imports, allowing importers two months to refine and sell products domestically. • India has further approved the import of 1 million tonnes of raw sugar to bolster local inventories and mitigate the risk of domestic shortages.
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