India Sugar: Down for fourth session on muted demand from stockists

Prices of sugar fell for the fourth consecutive day, in the absence of demand from stockists on the one side and ample supplies on the other. In Mumbai, wholesale prices of sugar, excluding goods and services tax, fell by 15 rupees to 3,190 rupees per 100 kg, while in Delhi, the commodity was quoted 10 rupees lower at 3,390 rupees. sugar production is unlikely to fall below a record 35.0 mln tn, up nearly 10% from the current season. This contributed to the subdued sentiment in the market