Sugar prices down; mills want stock limits to be lifted

The 2017-18 season's opening stock is estimated at 3.9 mt.

Early arrival of new season production has pushed sugar prices down, say mill owners.

A note from Indian Sugar Mills Association (Isma) said sales in the festival months of September and October were around 4.1 million tonnes, compared to about 4.2 mt in the same two months last year.

The M-30 variety is now selling here at Rs 3,772 a quintal, down 3.4 per cent from July's Rs 3,905 a qtl. Isma says the ex-mill price in Maharashtra is estimated at Rs 34-35 a kg and in Uttar Pradesh at Rs 352-36 a kg, against the all-India average cost of production of