
Sugar prices are expected to remain firm in the near term due to tight stock position following 9 per cent decline in production and steady growth in consumption, rating agency ICRA said today.

According to a Reuters report on Sunday, the Indian government aims to support struggling sugar mills and stabilize domestic sugar prices, which have been under pressure in recent months.

India does not simply consume sweets during the festive season. We gift them, exchange them,serve them to guests and use them to mark relationships.