Sugar prices fall 18% from record high: ex-factory sugar prices hit ₹55/kg; Will soon become cheaper in retail market also
After the government allowed the import of sugar, the price has fallen by 18% to ₹55 per kg. These are ex-mill i.e. factory prices. Last week, sugar prices had reached an all-time high of ₹67 per kg. Import permission and strict action on hoarding reduced prices Union Food Secretary Sanjeev Chopra told PTI that the…