Sugar prices to increase in coming months

Sugar which is a major ingredients in bakery products along with flour and fat hence any price increas impacts bakery manufacturers .Its prices varies due to numerous factor .

Sugar prices would firm up in coming months up due following developments in International market

• Drop in sugar production in Brazil , Mexico and USA .


• Monsoon Failure in India where India is one of largest consumer of sugar impacting international sugar price.


• Imports by India to cover deficit sugar production .

Current Price of refined sugar in market is around Rs 25- 27/kg and is expected to cross Rs 30/- per kg mark by next month as festival season are to start from next month. Bakery manufacturers have to cover their stocks with forward buying contracts and have to keep track on the developments .
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http://economictimes.indiatimes.com/Market-News/Sugar-stocks-running-on-empty/articleshow/4791384.cms