Sugar Price Hike: There are different types of food items in different parts of India. It is said about this that diversity is our identity. In such a situation, the diversity seen in different parts of the country will be good for the market. Now one of the essential items used in the kitchen, sugar is a substance which is needed by almost all families. Hardly anyone can say no regarding this.
If reports are to be believed, a huge jump has been seen in the prices of sugar these days. According to the information received, sugar is being sold at the price of Rs 45 per kg in different parts of the country. According to business news watchers, sugar is being sold at its highest price in the last 6 years.
Due to these reasons the price is increasing
According to expert market players, there are many reasons for the increase in the price of sugar. Weakening of monsoon is also a major reason due to which there is a rise in its price. Let us tell you that the amount of rainfall has decreased this year in sugarcane producing states. In such a situation, the news of its impact on sugarcane production is in full swing, which is currently affecting the prices of sugar. Now there is news that sugar may become more expensive. There are also reports that the government may also decide to ban the export of sugar to bring the price under control.
The boom continues from the past
Let us tell you that the price of sugar has been rising continuously since last few days. This boom is at the highest level of the last 6 years due to which its discussion is in full swing. There are speculations that with the start of the new season, there is a possibility of additional rise in its price. This could be because the production of sugarcane is expected to be low this year due to monsoon. Explain that in January 2023, the average price of sugar in the Indian market was Rs 41.45 per kg, which has now increased to Rs 43.42 per kg. However, in the midst of this rising price, a boom is being seen in Chinese stocks. From Hindustan, there has been a boom in the business of Rajshree Sugar, Renuka Sugars, Dhampur Sugars and Balrampur Chini Mill.
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