Don’t see substantial long-term increase in sugar prices, says Triveni Engineering

On the domestic prices, Sawhney said, “The release for the month of May which is the high consumption month given the fact that the build-up for the summer happens now and processing companies consumed their sugar at this point of time so that release was considered by many to be a just little bit lower and you have seen a small build-up in prices which is, of course, a very welcome at a point in time when cane arrears have been building up. Now going forward we do have excess stock in the country, so I don’t see any substantial long term increase in prices.”