Stories Tagged 'Sugar imports'
The government’s decision to impose quantitative restriction on sugar imports has caused the Salt Trading Corporation to incur heavy losses as its warehouse rental alone amounted to Rs25.5 million as of the first week of December.
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Sweet and sour

Oct 03 2018

Import quotas have made sugar dearer just before the festivals
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The government decision to impose quantitative restrictions on sugar imports is facing a public outrage as the move has given free rein to domestic producers to increase the sugar price haphazardly ahead of the festival season.Last month, the government, at the behest of domestic sugar producers, imposed imports restriction. The repercussion was immediately felt in the market as sugar prices jumped from Rs65 per kg to Rs85-90 per kg within days.
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Government policy should uphold consumer satisfaction and not help the formation of cartels
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Economists and consumer rights activists have criticised the government’s recent decision to impose quantitative restrictions on sugar imports. Quotas could lead to a shortage besides promoting a black market in sugar on the eve of the festival season when demand for the sweetener soars, they said.
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Ministry of Supplies (MoS) is considering purchasing 50,000 tonnes of sugar for buffer stock, which will be used to offset price fluctuations.
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