Fears are rife that sugar will touch the Rs 50 per kg mark soon. The commodity's wholesale prices have touched a record high of Rs 4,250 per 100 kg in the Delhi wholesale market off late. This is on expectations of higher demand in the coming months, as also a lower January sugar release by the government. As per reports, the government has maintained that prices are moving up in reaction to high international prices. However, this could also have a collateral effect on the prices of related products like biscuits, cold drinks, confectionery, chocolates and other processed foods that use the commodity. With food inflation already at such high levels, a further rise in sugar prices could further exert pressure on the same. More so, considering that sugar is widely used as an input in a whole host of food and non food products.
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