Sugar prices are expected to remain elevated throughout the year, even in the lean season, due to a decrease in carry forward stock and anticipated declines in production.
Prices have not eased even though the festive season has come to an end, and the new sugarcane crushing season has begun across the country.
This year, we have not seen any substantial decline in sugar prices after the beginning of the crushing season,” said sugar trader Abhijit Ghorpade.
The ex-mill price of sugar, which hovered between INR 36.50 a kg and INR 37.50 a kg for the smallest-sized S-30 grade around the first week of October due to festival season demand, continues to be within the same range.
