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Govt Allocates Extra 2 Lakh Tonnes Sugar To Mills For Sales This Month To Keep Prices Under Check

The additional sugar in the domestic market will ensure reasonable prices all over the country

The Centre has allocated an additional quota of 2 lakh tonnes of sugar for sale during this month, over and above 23.5 lakh tonnes already allotted to mills, as part of its efforts to boost domestic supply and keep prices under check in the festive season.

“Keeping in view the strong demand for sugar for upcoming festivals of Onam, Raksha Bandhan, and Krishna Janmashtami, an additional quota of 2 lakh tonnes (over and above 23.5 LMT already allocated for the month of August 2023) is being allocated for the month of August 2023,” an official statement said.

The additional sugar in the domestic market will ensure reasonable prices all over the country, it added.

Despite a 25 per cent increase in international sugar prices in the last year, the food ministry said that the average retail price of sugar in the country is about Rs 43.30 per kilogram and is likely to remain in range bound only. There has been less than 2 per cent annual inflation in the country in sugar prices in the last 10 years.

The Centre has allocated an additional quota of 2 lakh tonnes of sugar for sale during this month, over and above 23.5 lakh tonnes already allotted to mills, as part of its efforts to boost domestic supply and keep prices under check in the festive season.

“Keeping in view the strong demand for sugar for upcoming festivals of Onam, Raksha Bandhan, and Krishna Janmashtami, an additional quota of 2 lakh tonnes (over and above 23.5 LMT already allocated for the month of August 2023) is being allocated for the month of August 2023,” an official statement said.

The additional sugar in the domestic market will ensure reasonable prices all over the country, it added.

Despite a 25 per cent increase in international sugar prices in the last year, the food ministry said that the average retail price of sugar in the country is about Rs 43.30 per kilogram and is likely to remain in range bound only. There has been less than 2 per cent annual inflation in the country in sugar prices in the last 10 years.

The above news was originally posted on news.google.com

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