India20 Aug

Sugar prices rise nearly 20% in India ahead of festive season

Retail sugar prices in India have increased by about 20% over the past 12 days, from about Rs 52 to Rs 62 per kg, amid speculation over record-low stocks and rising festive demand. Analysts expect further increases; the government says supplies are sufficient.

Sugar prices across major Indian cities have risen sharply, with retail prices climbing from roughly Rs 52 to about Rs 62 per kg in the 12 days since August 7 — an increase of 19–21%. Market analysts expect the upward trend to continue in the coming days.

Factors cited for the rise include lower domestic production, permitted sugar exports, and diversion of sugarcane-based feedstock toward ethanol production. Speculation about record-low stocks and rising demand ahead of the festive season has also pushed prices up. The government has assured that sufficient sugar is available and has issued an official assessment on domestic supplies and pricing.

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