India sugar opens down on imports, stock limit talk.

 MUMBAI, Feb 12 (Reuters) - Indian sugar futures opened down on Thursday on talk that the government may impose stock limits in order to check prices, and due to a likely rise in supplies from imports of raw sugar, analysts said.

At 10:11 a.m., the benchmark March contract NSMH9 on the National Commodity and Derivatives Exchange was down 0.14 percent at 2,118 rupees per 100 kg.

Losses were 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.