Sugar Prices Drop:- Sugar is an essential part of the Indian kitchen; without it, most people feel a morning cup of tea is incomplete. It is a crucial ingredient in beverages like tea, coffee, milk, and shikanji (lemonade), and is used to prepare a wide variety of sweets. However, while sugar enhances the taste of food, it is also proving to be somewhat detrimental to our health. Nowadays, people are increasingly opting for alternatives like jaggery and brown sugar.
Medical experts advise limiting sugar consumption. Meanwhile, sugar prices are dropping; in several major cities across the country, prices fell by ₹12 to ₹16 between August 22 and September 12. After peaking at ₹70 per kilogram in August, prices have gradually declined throughout September.
Sugar Price Cheaper in These Cities
Over these 22 days, the price of sugar in Kanpur dropped from ₹69 to ₹53 per kilogram—a reduction of ₹16.
In Ranchi, sugar was selling for around ₹70 per kilogram on August 22; the price has since dropped to ₹55 per kilogram.
Kolkata and Guwahati have seen a price drop of up to ₹15 per kilogram.
In Delhi, the price fell from ₹68 to ₹55 per kilogram in September—down ₹13.
In Hyderabad, sugar was selling for around ₹70 per kilogram on August 22; it has now dropped to ₹54 per kilogram, down ₹16.
In Chennai, sugar was selling for around ₹70 per kilogram on August 22; it has now dropped to ₹58 per kilogram, down ₹12.
Why is sugar suddenly becoming cheaper?
The government has reduced stock limits for sugar mills. The government has slashed the maximum stock-holding limit for sugar dealers from 4,000 quintals to 2,000 quintals and has mandated that the stock be sold within a maximum period of 30 days.
Under the government’s newly revised regulations, any dealer or trader must sell the stock received from a sugar mill in the market within 30 days without fail; they cannot hoard the sugar in warehouses beyond this timeframe.
Similarly, the government has implemented rules for bulk consumers, requiring them to reduce their stock or limit their holdings to a 15-day supply. They are permitted to keep only enough sugar to meet 15 days’ worth of consumption needs, and any excess stock must be released into the market for sale.