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CareEdge Research
Sugar prices in India are expected to remain firm in the medium term as closing stock for the commodity is estimated to touch its five-year low (around 7 million tonnes) at the end of the current sugar season (October 2021-September 2022).
This will be despite peak sugar production of 35 million tonnes estimated for the full year.
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A decline in opening stock and expected record high sugar exports in sugar season 2021-22 will be the key factors in lowering the country's inventory during the year, thereby reducing the supply glut.
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