Asia

PRICES EXPECTED TO REMAIN FIRMThe measures appear to be having some impact.“The fear of any shortage is now going out, so I believe the markets will stabilise and during the festivals, the consumers will get sugar at a reasonable price,” said Deepak Ballani, director general of the Indian Sugar and Bio-Energy Manufacturers Association.“The on-the-ground situation as far as the sugar stocks are concerned, there’s absolutely no shortage in the country.”The government says prices charged by sugar mills have fallen by around 20 per cent from their recent highs.Retail prices, however, have eased more slowly. With Deepavali approaching, some industry experts…

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