Forecast of good monsoon and higher sugar production in the coming season of 2017-18 has pulled down prices of the sweetener by Rs 50-60 per quintal over the last 15-20 days. Prices have fallen because of weak demand and estimations of a good monsoon ahead which is likely to result in a good crop. Higher expected sugar production in the country is bearish for the crop. Significantly, monsoon has arrived early in the country and the annual rainfall is expected to be 98% of the long-term. Millers are disposing off their stocks in anticipation of a good production and weak demand from stockists and bulk consumers such as soft-drink and ice-cream makers.