Sugar prices on a high: Untimely rains and heat waves might sour your taste this summer

The international market has witnessed a recent surge in sugar prices. One of the key factors is the likelihood that India wouldn’t allow additional exports. And India's expected pause is mainly due to a fall in the production of sugarcane due to untimely rains and moves towards fulfilling its carbon-reduction commitments i.e. the ethanol-blending programme.