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Free Press Journal

Sugar prices rise 67% in June as weak monsoon stokes crop worries

AI Market Summary
Indian sugar prices rose 6–7% in June on delayed monsoon progress and below-normal rainfall, tightening expectations for sugarcane availability ahead of the next crushing season. While recent widespread rains offer near-term crop relief, El Niño risk and production uncertainty keep supply concerns elevated. The May export ban underscores domestic tightness and may reduce global availability, supporting international sugar benchmarks and volatility.
Impact level
● Medium
Affected assets
NCCOSUGAR2USD/USDT+0.06%
AI Insight · NCCOSUGAR2USD/USDTAI Insight
▲ Bullish
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A delayed monsoon and below-normal rainfall in India have raised concerns over sugarcane output, pushing sugar prices up 6–7% in June. In Maharashtra, ex-mill prices climbed to ₹41.5 per kg, while prices in the benchmark Kolhapur market reached ₹4,120 per quintal. The central government banned sugar exports in May to protect domestic supplies. Recent rainfall has eased some pressure, but El Niño risks and uncertainty around next season’s supply remain.
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