India Sugar Selling pressure on mills drags down spot prices.

The prices of sugar fell in the key wholesale markets of the country amid increased selling pressure on mills. Millers are quoting lower prices as there is no demand at current price levels despite it being the festival season. Mills also have to adhere to stock limits. Demand for the sweetener has been low since the beginning of the month. There is only hand-to-mouth demand as crushing season is nearing and there is fear of government action in case prices rise.