Despite Duty-Free Imports, Sugar Prices To Remain Elevated
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8 Articles
Sugar Price Hike to Moderate After Duty-free Imports, May Rise by 7 Pc: Crisil
Get latest articles and stories on Business at LatestLY. Sugar prices in India are expected to rise around 7 per cent during the current season despite the government's decision to allow duty-free imports as low inventories and firm domestic demand continue to keep the market tight, according to Crisil Intelligence. Business News | Sugar Price Hike to Moderate After Duty-free Imports, May Rise by 7 Pc: Crisil.
Despite Duty-free Imports, Sugar Prices To Remain Elevated
“Domestic sugar prices are to correct from recent record highs, but remain healthy, supported by tight inventory conditions and rising cane procurement costs. Policy measures, such as potential restrictions on sugar diversion to ethanol, will be a key variable for sugar prices after crushing begins October”, says Khushbu Lakhotia, Director, Corporate Ratings, Ind-Ra
Sugar prices likely to ease after duty-free imports, but relief may be short-lived: Report
Duty-free sugar imports of 1 million tonnes approved to ease record-high prices, but tight inventories and stagnant acreage mean relief could be temporary. Global sugar balance and ethanol policies to keep prices volatile through SS27.
Sugar Prices in India: Wholesale Rates Fall 15% After Duty-Free Imports, But Retail Prices Yet to Ease
India’s wholesale sugar prices have fallen nearly 15% after the Centre approved duty-free imports of 10 lakh tonnes of raw sugar, but retail prices have yet to decline at the same pace amid festival demand and existing stocks. The post Sugar Prices in India: Wholesale Rates Fall 15% After Duty-Free Imports, But Retail Prices Yet to Ease appeared first on The Sunday Guardian.
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