August 28, 2026 5:10 PM
Sugar prices fall 20% as Centre tightens supply monitoring, introduces fortnightly quota
Ex-mill sugar prices have declined by around 20 per cent in recent days, while retail prices have also started easing, following a series of measures by the government to improve market availability and curb hoarding and speculative stocking. The government said there is no shortage of sugar in the country and that adequate stocks are available to meet domestic demand, including during the upcoming festive season. It said the recent spike in prices was primarily driven by hoarding and speculati...