MUMBAI, Feb 12 (Reuters) - Indian sugar futures may open down on Thursday as sentiment was depressed by talk that government may impose stock limit for traders to check prices, and on a likely rise in supplies from imports of raw sugar, analysts said.
The benchmark March contract NSMH9 on the National Commodity and Derivatives Exchange ended up 0.33 percent at 2,121 rupees per 100 kg in the previous session.
Losses may be capped by lower production, which the government and trade estimates suggest will fall by nearly a third to around 18 million tonnes in 2008/09 from 26.3 million tonnes a year ago.
Source : REUTERS INDIA