Sugar prices to ease within a week, ISMA says ethanol not driving rise

The Indian Sugar Mills Association (ISMA) told traders that the current upward pressure on sugar prices is expected to ease within seven days. The association cited improving domestic supply and stabilising international market rates as the main reasons for the anticipated correction. ISMA also dismissed the notion that rising ethanol production is fuelling the price surge, stating that ethanol demand has not materially impacted sugar availability. Analysts note that a short‑term price dip could provide relief to confectionery manufacturers and consumers who have faced higher costs in recent weeks. The association will monitor market movements closely and update stakeholders if conditions change.