Sugar M Grade Falls 15% In Muzaffar Nagar During 2007

The spot prices of Sugar M Grade recorded a fall in the year 2007 with the local cash prices in the benchmark Muzaffar Nagar market, slipping by 14.54 percent during the year. A record 283 lakh tonnes of sugar were produced in 2007, which proved to be a huge relief to consumers, as prices fell.A global glut slashed world refined sugar prices 12 percent in the past year, making the sweetener the worst-performing agricultural commodity over that period.