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The decline in ex-mill prices is yet to filter down to wholesale and retail markets. | Photo Credit: The Hindu The ex-mill price of sugar has declined by 18% to ₹55 per kg since the government’s decision to allow imports and clamp down on speculation and hoarding of the sweetener, Food Secretary Sanjeev Chopra said….
The Story So Far: Retail and wholesale prices of sugar witnessed about 40% increase, in some States up to 50%, compared to the same time of last year. In eight States such as Uttarakhand, Punjab, Madhya Pradesh and Odisha, the price for a kilogram of sugar touched more than ₹65. As on August 23, Odisha…
Read More “Why is there a sudden increase in sugar prices | Explained” »
Workers harvest sugarcane in Kolhapur district of Maharashtra. File. | Photo Credit: Reuters The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has urged the government to increase the minimum sale price of sugar and ethanol and permit sugar exports. The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the…
Read More “Sugar sector demands hike in sale price and ethanol prices” »
Supply trucks loaded with wheat wait for unloading at a port in Kandla, in the western state of Gujarat, India, May 17, 2022. REUTERS/Stringer NO RESALES. NO ARCHIVES. | Photo Credit: Reuters The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and…