Wednesday, April 21, 2010

Sugar Prices are almost down to Rs.30 in the retail stores. From the high of almost 45-48. In the article dated 12th March 2010, this writer had informed that the price rise in the Indian markets have been unrealistic. The producers who were selling the same at the lower prices now. Some Mills in Maharashtra sold sugar at Rs 2500/- a quintal on Monday. Last month, the Maharashtra Federation decided not to sell sugar below Rs 3,250 a quintal. “It lasted hardly for a day. Prices have been continuously declining since then,” said a trader. If you see the trend in the last 10-20 years, you can see that sugar commands premium during April when soft drinks' companies place huge orders. This year, we are seeing prices dropping. Sugar stocks will continue to slide down...

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