The ICE has reduced the maintenance margin requirement for sugar 11 contract by $168. For member, customer omnibus and hedge accounts, initial and maintenance margin requirements are $952, respectively. For all other customer accounts, the initial margin requirement is $1,064, while the maintenance margin required is $952.
Sugar industry fears strain as UP, Maharashtra look to revive defunct mills
The sugar industry fears pressure on capacity utilisation even as the country’s largest sugar-producing states
Sugar down in north India on start of cane crushing operations
Prices of sugar fell in the key wholesale markets of northern India because various mills in the region have started cane crushing operations, which weighed on market sentiment. Demand for sugar is also low and has kept prices under pressure.