 "sugar, sugar production, sugar output")
While a marginal increase in sugar price over the last two days revived sentiment across the industry, the sharp decline in recovery continues to pose a challenge for mills this season.
Average realisation for sugar mills has increased by Re 0.5 – 1 to Rs 34-35/kg (M30 in Uttar Pradesh and Rs 31.70/kg S30 in Maharashtra). Government has fixed the minimum selling price (MSP) at Rs 31 per kg. In retail, however, unbranded sugar is sold at Rs 44-46/kg.
Despite an increase in sugar prices, mills fear that the decline in recovery may hit their profit margins and thereby hinder
