Sugar prices fall 18% from record high: ex-factory sugar prices hit ₹55/kg; Will soon become cheaper in retail market also

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…

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Sugar prices fall 18% from record high: ex-factory sugar prices hit ₹55/kg; Will soon become cheaper in retail market also

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…

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Government said – Sugar did not become expensive because of ethanol: Price increased by ₹ 7.52 in a month, it is being sold at ₹ 55.70 per kg across the country.

Government said – Sugar did not become expensive because of ethanol: Price increased by ₹ 7.52 in a month, it is being sold at ₹ 55.70 per kg across the country.

The government has rejected the claims that due to making ethanol from sugar, its prices have increased in the market. The government says that prices have increased due to low production, festive season demand and hoarding, to stop which steps like stock limit and duty free import have been taken. Source link [ad_3]

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