Move comes in the wake of the Kumbh Mela in Allahabad
Continuous upward revision of cane prices makes sugar production unaffordable
Closure in wake of Kumbh Mela 2013
NCCL was set up about five years ago as a joint venture between NSE & NCDEX, with 65% and 35% equity stake, respectively
Weak overseas demand triggered downtrend
Mounting stocks also helped the uptrend
Tight supplied fuelled the uptrend
Overseas firming trend influenced the price
HIgher supplies capped the gains
Profit-booking caused the downtrend
Pick-up in demand influenced the price
A sharp rise in gold imports, a hefty oil bill and falling exports due to the global slowdown have kept India's current account deficit at persistently high levels
Strong demand from alloy-makers fuelled the uptrend
Strong global markets pushed up the price
Strong demand from battery-makers supported the uptrend
Less demand also influenced the price
Favourable weather influenced the price
Number of operational mills registered a decline to 496 units, down by 2.4% of 12 units compared to 508 units in the same period last year
Hopes of higher output triggered the uptrend