New Delhi, Sep 24: With Dussehra and Diwali approaching, consumers may get some relief from sugar prices as domestic supplies remain comfortable and prices at the mill level have already started coming down.
The government and the sugar industry are working to ensure that adequate sugar remains available in the market and that festive demand does not lead to a sharp rise in retail prices.
Industry representatives said retail sugar prices have already started moderating and could decline further in the coming weeks. Ex-mill prices have reportedly fallen by around 25–30 per cent, with the pan-India average currently at about Rs 4,450 per quintal.
However, the reduction in wholesale prices does not immediately reach consumers. There is generally a time gap as lower ex-mill prices move through distributors, wholesalers and retailers before reflecting in retail markets.
The festive season is particularly important for the sugar market as demand rises for sweets, bakery products, beverages and other food items. Stable sugar prices can therefore benefit both households and businesses preparing for the festive rush.
For consumers, the key expectation is that the recent fall in mill-level prices will gradually translate into more affordable retail sugar. For food businesses, predictable prices can also help manage production costs during one of the busiest periods of the year.
With Dussehra and Diwali around the corner, continued monitoring of supplies and retail prices will remain important to ensure that festive demand is met without putting unnecessary pressure on household budgets.