Sugar prices up Rs 40-50/quintal in Maharashtra after GST rollout.

With the rollout of GST, demand for sugar has gone up in Maharashtra with most mills working on the switchover to the new system. Mills in Maharashtra have raised prices by Rs 40-50 per quintal over and above the 5% GST on the back of short supply in the markets. Barely 10-12 trucks of sugar arrived in the market on Monday compared to the daily arrivals of around 70-80 trucks, according to the Bombay Sugar Merchants Association (BSMA). One truck carries almost 10 tonne of sugar. Only a few mills that have switched over to the new system have begun sugar deliveries, leading to a shortage in the market.