India Sugar down in north India on poor demand, unchanged in Maharashtra.

Prices of sugar continued to fall in the key wholesale markets of north India on account of sluggish demand from bulk buyers. Demand for the sweetener has been poor since the beginning of September. There is no demand at all. Production in Uttar Pradesh is also seen higher, so no one can stop prices from falling further. In the key wholesale markets of Maharashtra, however, prices remained largely unchanged due to lacklustre trade. Traders have a bearish view on sugar prices for the short as well as the long term.