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Commodity Talk: Sugar rates at 12-year highs on supply shortages, high crude prices: Harjeet Singh Arora of Mastertrust
Sugar Prices surged ahead of the festive season and wedding season. The government took various measures such as imposing restrictions on the sugar export in order to control rising sugar prices. During the festive season, the government is not expecting any sharp increase in any food-related items. We expect that the measured will not hit ethanol blending as the government is focused and committed to 20% ethanol blending by 2025."
