Sugarcane| Sugar prices has risen to Rs. 35,000 per tonne

Sugar prices has risen to Rs. 35,000 per tonne in July 2016 from Rs. 34,000 per tonne traded in June 2016 on the back of a decline in domestic production during 2016. Production is expected to down by 11% to 252 lakh tonnes. Prices are expected to remain firm in near term given that the sugar production is likely to decline further to 230-240 lakh tonnes in 2017.