Sugar Prices Rise on Hoarding Fears and Weak Sugarcane Harvest

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Sugar prices in India have been rising due to a combination of hoarding and concerns over tightening supplies. A decline in sugarcane production is being blamed on adverse weather conditions, including both flooding and insufficient rainfall. The states most affected are Uttar Pradesh, Maharashtra, and Karnataka, which are among India's top sugarcane-producing regions. These supply-side pressures have created uncertainty in the market, pushing prices higher.

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