India sugar production

The anticipated sugar production for the country is likely to surpass 32Mn Tons, a figure higher than earlier projections. Pharmaceutical Grade Sugar prices to hold firm amidst surge in production during off-peak season. This comes amidst stable domestic pharma sugar prices and anticipation of government intervention to maintain price stability, particularly with elections approaching. Pharma Sugar also know as Sucrose IP Production in the country is likely to be below 32Mn Tons. Further, with Pharma grade Sugar exports banned and higher monthly releases Sucrose IP values have remained sideways. Moreover, with elections round the corner government will ensure prices remain in check.​