Sugar futures are expected to trade on a negative note. Prices may
continue to decline on higher crushing, weak demand, and ample
supplies. Meanwhile, government had no plans to create a buffer stock
to help mills to clear stocks which may weigh on prices.We expect CPO prices to trade sideways due to higher stock levels in
the domestic market and low crude oil prices may dent demand for
palm oil by making it less attractive for biofuel blending.