Sugar prices surge due to declining sugarcane production and stockpiling, experts dismissing ethanol diversion as a factor.

Sugar prices have risen sharply in recent weeks, increasing from ₹48.18 per kg on July 20, 2026, to ₹55.70 per kg on August 20. | India News

Sugar prices rose from ₹48.18 per kg on July 20 to ₹55.70 per kg on August 20, but the government said the increase was not due to diversion of sugar for ethanol production.

NEW DELHI: Sugar production during the current season (Oct-Sept) is estimated around 306 lakh tonnes, 11% lower than the initial projection of 343 lakh tonnes for the year by…