Sugar surges on short covering

NCDEX Mar Sugar improved 0.43% on Saturday due to short covering after sharp fall in the last 3 weeks and fresh buying witnessed at lower levels as value buying. Reports of probable lifting up the ban on Sugar exports in the near term also provided support to the bulls. Supply situation is worrying millers as might not sell allocated non-levy sugar quota for February. India has made available http://bit.ly/gFw4Kv