After the action of Modi government, sugar prices are coming down rapidly. In two days, sugar has become cheaper by Rs 5 to 7 per kg in the retail market. Whereas wholesale prices have fallen below Rs 6000. China Market According to the latest rates, sugar was sold at Rs 63 per kg in Delhi on Tuesday. Its high was Rs 68.
At the same time, the price of sugar in Kanpur has now come down to Rs 63 instead of Rs 69. The price of sugar in Mumbai has now decreased from Rs 68 to Rs 62, in Guwahati it has decreased from Rs 71 to Rs 64, in Hyderabad it has decreased from Rs 70 to Rs 63 and in Chennai it has decreased from Rs 70 to Rs 67 per kg. Although Kushinagar, gorakhpur The retail price of sugar in Basti and Maharajganj districts is still Rs 60 to 65 per kg.
Wholesale price of sugar also declined
If we talk about wholesale price, the price of sugar in Mumbai and Raipur has come down to Rs 6000 per quintal. The price in Mumbai has fallen by Rs 850. Sugar has come down to Rs 6000 per quintal in Delhi. It had reached Rs 6600. There is a big fall in the price of sugar in Kanpur also. Here one quintal of sugar has come at Rs 6050. Let us tell you that in May-June, ex-mill prices were Rs 3,900-4,200 per quintal, which increased to above Rs 5,700 after July.
The rise gained momentum after August 17
Let us tell you that after August 17, the rise in sugar prices suddenly increased. The price in Delhi on August 17 was Rs 59 per kg. The next day it reached Rs 62 per kg, on August 19 it reached Rs 64 and on August 20 it reached Rs 67 per kg. After this, the price increased to Rs 68 per kg on 21st August and remained at the same level on 22nd August also. That means sugar became costlier by Rs 8 per kg in Delhi in just four days between 17th and 20th August. Similar sharp increase was seen in other cities also.
Government came into action
Huge rise in sugar prices Modi government Perked up my ears. The government immediately came into action mode. Immediate actions were started to stop hoarding. Sugar mills were tightened. Meanwhile, the government has decided to import 10 lakh tonnes of raw sugar duty-free. That is, the effect of the steps taken by the government has started becoming visible on the prices of sugar.
