Sugar prices rose for the second consecutive day on Wednesday, with the all-India average retail price increasing by more than Rs 1 per kg amid higher festive demand, government data showed. The average retail price stood at Rs 65.05 per kg on August 26, up from Rs 63.97 per kg a day earlier.
Retail sugar prices remain elevated even as ex-mill rates have fallen by nearly 20% following the Centre's decision to allow imports of 10 lakh tonnes of raw sugar and take steps to curb speculation and hoarding.