India sugar seen up; millers get time to sell stocks

MUMBAI, Sept 30 (Reuters) - Indian sugar futures may rise in early trade on Tuesday after the government gave more time to millers to sell sugar from September quota, analysts said.

India has extended the validity period to sell September free sale sugar quota up to Oct. 15, a government statement said on Monday.

The industry had sought the extension, which to end Sept. 30, to support prices of the sweetener, which fell more than 8 percent in early September.

Sugar November futures NSMX8 ended up 1.50 percent at 1,829 rupees per 100 kg on the National Commodity and Derivatives Exchange on Monday.