The Sugar Conundrum: Market Magic vs Reality The recent price correction in India's sugar market has raised questions about whether it signals improved supply or is just a temporary reprieve.
On one hand, the government's decision to import 10 lakh tonnes of raw sugar duty free and tighten stock limits seemed to have calmed the market temporarily.
Mill level prices have indeed fallen by nearly 20%, from Rs 62 67 per kg to Rs 55 per kg. However, this relief hasn't yet trickled down to consumers, who continue to pay soaring retail prices.