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Industry

Sugar Prices Pressured as India Boosts Sugar Production and Crude Oil Declines

Sugar prices have declined due to a significant increase in sugar production in India and a drop in crude oil prices. The India Sugar Mill Association reported a 28% year-on-year rise in production, amounting to 7.8 million metric tons from October 1 to December 15.

Sugar Prices Pressured as India Boosts Sugar Production and Crude Oil Declines

Credit: Yahoo

Key Highlights

  • March NY world sugar #11 closed down by 0.15 (-0.99%) on Monday.
  • March London ICE white sugar #5 decreased by 3.00 (-0.70%).
  • Indian sugar production rose by 28% year-on-year to 7.8 million metric tons.
  • Declines in sugar prices are attributed to both increased production and falling crude oil prices.
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Sources

  1. Sugar Prices Decline on Higher Indian Production and Weakness in Crude
  2. Sugar Prices Pressured as India Boosts Sugar Production and Crude Oil Declines

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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