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Pune: Sugar costs are set to rule excessive this yr, even in the course of the lean season, due to decrease carry ahead inventory and an anticipated fall in output.
Costs haven’t eased though the festive season has come to an finish and the brand new sugarcane crushing season has begun throughout the nation. “This yr, we’ve got not seen any substantial decline in sugar costs after the start of the crushing season,” mentioned sugar dealer Abhijit Ghorpade.
The ex-mill value of sugar, which was within the vary of ₹36.50 a kg to ₹37.50 a kg for the smallest sized S-30 grade of sugar across the first week of October because of pageant season demand, remains to be ruling in the identical vary.
