date:Sep 19, 2012
months due to the upcoming festivals. According to analyst, the festive season will increase demand for sugar and improve the profitability of these companies.
At Mumbai's Vashi wholesale market, Medium sugar (M-30) strengthened by Rs 22 per quintal to Rs 3,744 in yesterday's trade. In past three days, the sugar prices of M-30 grade rose by Rs 83 or 2.2% from Rs 3,661 per 100 kg.
Meanwhile, according to the Indian Sugar Mills' Association (ISMA), the sugar output in 2012/13 is expected to fall