Sugar prices are set to go up for the next one year across the globe due to various reasons. Primary reason being a sharp reduction in output in the second largest producing nation India. Also the largest producer of the world, namely, Brazil, is also expected to see a marginal drop in its output in 2008-09 season. With the demand set to remain robust, and also with increased usage for ethanol production, sugar prices are set to firm up from now on till 2009 middle.