The Fast developing El Nino conditions are likely to result in a decline in net sugar production by 4 mt 12%, specifically in Maharashtra and Karnataka, the note said adding that this would keep domestic sugar prices firm for the next one year.
European shares fell on Friday, dragged down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump’s policies, and a jump in Treasury
Oil prices dropped over 2% on Friday, driven by concerns about weakening demand from China and the potential for slower interest rate cuts by the
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