Sugar prices to rise further
Investors in the Indian sugar sector may experience some "sweet times" ahead as rising prices and a much expected drop in production after a prolonged glut lifts sentiment in the sector. According to estimates, sugar output in Maharashtra, India's top sugar producing state, should fall over 37 per cent to 5.7 million tonnes in October, after erratic monsoons ensured that sugar prices moved up 20 per cent in July itself.
