Sugar steady in Maharashtra.

In Maharashtra, prices of the sweetener are expected to fall as there is selling pressure on mills. Sugar prices are seen falling about 10 rupees (per 100 kg) on Monday. On Apr 5, the government had allowed duty-free import of 500,000 tonne raw sugar under the tariff rate quota. The trade body had on Apr 27 allotted 30% of the total quota for import of raw sugar to Shree Renuka Sugars. On the National Commodity and Derivative Exchange, sugar futures rose, in line with the rise in north Indian spot markets. the benchmark May contract was up 0.4%.