Sugar prices are under pressure tracking international prices and higher availability of sugar as Uttar Pradesh produced 8.70 mt of sugar during October 1’ 2016 to May 1’ 2017, up 28% from a year ago. As per United States Department of Agriculture, India’s sugar production in marketing year 2017/18 (Oct-Sept) is expected to increase by 18% to 25.8 mt.
Information source: www.skymetweather.com