π¬ India sugar stocks are fine, prices expected to drop
ISMA stated that India currently does not face a sugar shortage, easing worries over recent price hikes. Industry body ISMA, alongside NFCSF, confirmed that domestic supply is fundamentally strong across the nation. Sugar prices rose 24% in one month to Rs 56-60 per kg, leading to duty-free imports being allowed on August 20. NFCSF projects 279 lakh tonnes for 2025-26, while anticipating some shipments from Brazil before October 15. The government is unlikely to strictly enforce the October 31 arrival deadline for imports.