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Stocking, speculation behind ‘unnatural’ sugar price surge: ISMA
NEW DELHI: Sugar industry’s apex body ISMA on Monday said that there is no shortage of the sweetener while admitting that the spike in prices is “not natural” and is being fuelled by stocking by bulk consumers and “speculative behaviour”. The industry body said they want “rationalisation” of retail prices and are hopeful of a reduction in the coming days following multiple steps that govt has taken.
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hindustantimes.com
Not ethanol, but low output, festive demand behind sugar price hike: Centre
The price surge has prompted the government to step up measures to curb hoarding and allow sugar imports for the first time in nearly a decade. | India News
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thehindu.com
Why is there a sudden increase in sugar prices | Explained
Sugar prices surged up to 50% in India amid opposition claims of hoarding and government monitoring of the situation.
