Sugar leaves bitter taste as retailers impose caps
iG
iGEN Editorial
August 27, 2026
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Sugar prices in India declined in mill-gate and retail markets on Monday after a nearly two-month rally, following government measures including duty-free raw sugar imports of 1 million tonnes and tighter stock limits for bulk users. Ex-mill S-30 grade prices in Maharashtra fell over 10 per cent from the August 20 peak. Global raw and white sugar futures also weakened.
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Global food prices rose 0.6% in July, with the FAO Food Price Index averaging 131.1 points, as cereals, vegetable oils and sugar turned costlier. Wheat and maize led grain gains while sugar recovered 5.6%, but meat and dairy prices fell. The FAO expects weather, energy and geopolitics to remain key drivers.
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