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Sugar Price Rise In Indian Market As Domestic Output Likely To Be 9% Lower

Published Date: May 13, 2023

With sugar production expected to be 9% lower than the previous year, sweetener prices have already begun to rise, rising by Rs1.25/kg in the last month on the retail market. 

Sugar Pricing 

Sugar prices are rising, according to sources, due to a drop in estimated output. Sugar retail prices increased from Rs 41.05/kg on the 2nd of April to Rs 42.30/kg on the 2nd of May. Similarly, wholesale prices have increased by Rs124/quintal in the last month. Sugar wholesale prices have risen from Rs3,805/quintal on the 2nd of April to Rs3,929/quintal on the 2nd of May. 

Sugar Output 

According to sources, sugar production was 357 lakh tonnes in the previous year, where the government exported 10 million tonnes. This year, too, production was expected to be high; however, production estimates suddenly fell, and it is now expected that the current year's output would be around 9% lower than last year, at around 32.7 million tonnes. In order to provide relief to consumers, the Food and consumer affairs department is expected to release an additional sugar quota in the coming days. 

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Tradologie is a transaction-oriented platform that facilitates bulk agro-commodities trade completely from inquiry to delivery in a digital manner. The best quality and inspected commodities can be procured at prices that can be directly negotiated with the sellers, thereby giving more margins for both sellers and buyers along with the end consumers, reducing the overall cost of a trade. This platform hence grants sellers better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here. 

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