Sugar prices to stay firm due to likely output fall

Pune: Sugar prices are set to rule high this year, even during the lean season, because of lower carry forward stock and an expected fall in output.

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 was in the range of ₹36.50 a kg to ₹37.50 a kg for the smallest sized S-30 grade of sugar around the first week of October due to festival season demand, is still ruling in the same range.