Sugar prices remain high despite four-fold rise in production
AI summary
Indian sugar prices remain at record highs despite a four-fold increase in early-season production. Maharashtra led the output surge, yet retail costs rose 36% year-over-year to ₹60 per kg. Industry officials assert adequate supply exists to meet domestic demand.
Key takeaways
- Sugar production reached 1.285 million tonnes, nearly four times the previous year's level.
- Retail prices rose 36% year-over-year to an average of ₹60 per kilogram.
- Maharashtra drove the production surge with 136 operational mills.
- Industry leaders claim carryover stocks ensure sufficient domestic supply.
Read the original at Hindustan Times
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