Sugar prices up but need policy support: Traders


Cooperative banks of Maharashtra have increased sugar valuations on the back of a rally in sugar prices in the last fortnight, a move that will help sugar mills borrow more from banks and make payments to cane farmers.

Traders, however, warn that the prices may slide back again if not supported by policy decisions because the sudden spurt in prices was artificial.

Maharashtra State Cooperative Bank has increased valuation of sugar by Rs 130 per quintal to Rs 3,100 ..


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