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Sugar prices in metros up by 19% since October
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Wednesday, 18 November, 2009, 08 : 00 AM [IST]
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Retail prices of sugar have risen by 19% in the four metros since the start of the new season in October, as delay in cane crushing in top two producing states have affected fresh supply of the commodity.
According to the data complied by the ministry of consumer affairs, food and public distribution, in Delhi sugar prices have risen to Rs 38 a kg as on November 12 from Rs 32 per kg on October 1.
During the period under review, sweetener prices have advanced by Rs 5 to Rs 35 a kg in Kolkata. Sugar is selling at Rs 37 a kg in Mumbai and Rs 33 in Chennai, an increase of Rs 4 and Rs 3 a kg, respectively, since October 1.
The prices are rising because of delay in the crushing process in the top two sugar producing states – Maharashtra and Uttar Pradesh.
While in Maharashtra the crushing has been delayed by 15 days, the sugar mills in Uttar Pradesh have yet not been able to start crushing due to farmers’ protest who have been demanding Rs 280 a quintal for cane. However, the issue has been resolved with the millers agreeing to pay Rs 180 per quintal against the Centre’s remunerative fair price (RFP) of Rs 129.79 per quintal.
Sugar prices have been rising and have more than doubled since October last year due to sharp fall in production.
– Agencies
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