Indian Jaggery Prices Surge 30% Amid Production Crackdown

Jaggery prices in India increased by 25% to 30% during August, with significant spikes observed in key producing states including Maharashtra and Uttar Pradesh. The Government of India triggered the supply tightening through a crackdown on production units in Maharashtra allegedly producing adulterated jaggery over the last three months.

Rising demand ahead of the festive season has further compounded the price surge, which mirrors a simultaneous rise in sugar prices. Industry executives and market analysts expect prices to remain firm until fresh production begins in October. These costs are expected to increase production expenses for traditional sweet manufacturers, leading to higher consumer prices during the upcoming festive period.

Long-term financial pressure may persist beyond the current season. Industry veterans warn that a projected decline in sugarcane availability next year could keep jaggery prices elevated through 2027.