MUMBAI, Dec 9 (Reuters) - Indian sugar futures were steady
on Monday as the market awaited the decision on import duty
after last week's meeting.
* At 0949 GMT, the key January contract on the
National Commodity and Derivatives Exchange (NCDEX) was 0.11
percent down at 2,781 rupees per 100 kg. It fell to 2,772 rupees
on Dec. 5, the lowest since Nov. 8, 2011.
* "Sugar prices may witness some recovery if they allow
exports," said Chowda Reddy, a senior analyst with Inditrade
Derivatives and Commodities, adding that sugar may trade in the
range of 2,760-2,840 rupees for the week.
* Spot sugar edged up 3.05 rupees to 2,873.45 rupees per 100
kg at the Kolhapur market in Maharashtra state.
* India is considering cheap loans and incentives to sugar
companies for production of raw varieties as part of efforts to
help the beleaguered mills, the country's farm minister said on
(Reporting by Siddesh Mayenkar; Editing by Prateek Chatterjee)