The downward revision has been made due to a fall in sugar output in Maharashtra, which accounts for more than one third of the country’s sugar output.
In an interview with CNBC-TV18, Surendra Mehta of IBJA and Atul Chaturvedi of Shree Renuka Sugars spoke about the trends in jewelry and edible oils, sugar markets
Narendra Murkumbi, MD, Shree Renuka Sugars told CNBC-TV18 that global sugar prices will be in the range of 22 and 30 cents for the next three-six months. “We are right now almost in the middle of that range at around 27 cents.”