date:Aug 28, 2014
ng them. The import duty hike has isolated the Indian market from global price trends. Local prices won't fall due to global surplus, said Ashok Jain, president of the Bombay Sugar Merchants Association.
Thailand is offering white sugar at around $430 per tonne, but Indian mills won't offer below $500 due to relatively higher local prices, said a Mumbai-based dealer, who declined to be named as he is not authorised to talk to media. India's local prices have risen 10 percent so far in 2014, wh