Minister hints at sugar imports for stable prices | Money Life

Union Food Minister Ram Vilas Paswan on Wednesday said the government may consider allowing sugar imports if prices go up during this festive season.

“We do not want sugar prices to increase during the festive season. We will do (import) it, if the need arises. We want to keep the prices stable. However, there is no shortage of sugar as of now,” Paswan said on the sidelines of the National Cooperative Consumers Federation (NCCF) event here.

According to industry sources, retail prices of sugar are hovering around Rs 40-43 per kg.

The Minister said the closing stock at the end of September will be 37 lakh tonnes.

“As against an average monthly consumption of 20 lakh tonnes, and start of sugar production from November, we do not think there will be any shortage,” he added.

Read complete article here:

Minister hints at sugar imports for stable prices.