Despite government intervention, sugar prices in India remain high, averaging ₹64.24 per kg, reflecting significant year-on-year increases.

All-India average retail sugar price fell to ₹64.33/kg from ₹65.06 a day earlier after the Centre allowed duty-free imports of 1 million tonnes of raw sugar. | India News

Ethanol diversion and monsoon deficit are not the main culprits. It is speculation by market intermediaries

Retail sugar prices drop below ₹60 a kg in Kolkata and Mumbai, with wholesale rates declining significantly across major cities.