The Centre should not permit imports of sugar this year (October 2016-September 2017) as output may outstrip demand, said Palani G. Periasamy, president of South Indian Sugar Mills Association.
The current season began with ex-gate prices hovering around Rs. 27 a kg and the prices now are Rs. 37-Rs. 38 a kg. “Any price increase in the future will be moderate and even if it goes up, it will be less than the international prices,” he said. The production cost was Rs. 36.50 a kg.