Sugar prices are nudging towards 27 cents per pound owing to crude oil prices touching above $90 per barrel.
Global sugar prices have risen sharply and are set to rise further. While mills are expected to benefit, unexpected changes to government support measures could pose a risk
The Indian sugar industry is becoming structurally a surplus producer, Verma said in a keynote address to the two-day International Sugar Organization (ISO) seminar.
The government may consider allowing further exports of sugar after assessing the impact on retail prices due to shipment of one million tonnes of the sweetener, Food Minister K V Thomas said today.
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.”