- Retail price of sugar next to ₹65 per kg
- An increase of nearly ₹4 per kg in 24 hours
- The wholesale rate went up to Rs 6,400 per quintal
The day of Rakshabandhan has arrived in a few days. On this day, a sweet meal is prepared for the brothers and sisters. But now there are signs that this day will not be sweet this year. Because in the state market of sugar There is a picture of a sudden rise in rates. In some places, it is said that sugar which was around 61 rupees per kg in the retail market has now gone beyond 65 rupees.
The increase of nearly four rupees per kg in the last 24 hours has created concern among consumers. As sugar consumption is not limited to tea, the impact of this price hike can be felt from household budgets to sweet shops.
Prices also rose in the wholesale market
Changes in wholesale rates are also important behind growth in the retail market. At present, information is coming from the market that the wholesale price of sugar has reached Rs 6,400 per quintal. When the wholesale rate increases, it affects the cost of transportation, traders and eventually the retail price. Therefore, the common consumer who buys sugar directly feels the increased price. According to traders, rates may go higher in the next few days if the situation continues like this. So this increase is definitely a concern for families planning their festive shopping. Sugar Prices Hike:
Reserve policy behind rate hike?
Sugar prices The question of why it suddenly rose is currently under discussion. According to some traders in the market, the government's regulations related to stock management may affect it. The quantity of sugar available in the market and the stocks held by traders are directly related to the price. If availability decreases and demand remains constant, rates are likely to rise.
Traders say a change in inventory limits could help increase supply in the market and have a positive impact on rates. However, sugar prices are not affected by only one factor. There are many factors behind it like production, demand, government decisions and market supply.
Will the cost of the festival increase further?
Now the real concern is the festival days. During times like Ganpati, Navratri, Diwali, the demand for sweets and sweet items increases a lot. At such a time, if the price of sugar increases further, it is likely to affect the price of sweets. Along with sugar, milk, ghee, dry fruits and other ingredients are also spent while making sweets. Therefore, even if the price of one component increases, the price of the final product may increase. This affects the consumer directly. Those who make laddoos or other dishes at home may also have to spend more than before.
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In Nandurbar, farmers are angry over the price of chillies
Meanwhile, on the other hand, the issue of price of chillies in Nandurbar market has heated up. Farmers are alleging that the price has fallen to Rs 15 to Rs 18 per kg after the large quantity of chillies entered the market. Farmers are saying that the cost of growing chillies is more than this. Farmers are unhappy because they cannot afford the price given the cost of production, labour, water, medicine and transport. Some farmers have accused the traders of colluding and depressing the prices. However, there has been no independent official confirmation of these allegations.
Warning of farmers to the administration
Farmers expressed their anger in the market as they were not getting the right price. They demand that the administration should pay attention to this matter and get the right price for the agricultural products. While the price of sugar is increasing, the farmers are not getting the right price for some crops. On the one hand, consumers are suffering from inflation, on the other hand, farmers are complaining that production costs are not being covered.
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Now, how long the rising price of sugar will last and how much its impact will be felt in the market as the festival approaches, both consumers and traders are paying attention. Currently, every spoonful of sugar, from tea to sweets, is likely to cost a little more than before.