Krishi VaartaThe Economic Times
Possibility of Double Method for Sale of Sugar
Due to the current financial impact of the ongoing fluctuations in sugar prices, domestic manufacturers are planning to introduce a dual approach to sell sugar. On behalf of the Central Agricultural Price Commission a request was sent to the Central Government.
The scheme has also been accepted by Indian Sugar Mills Association. In the industrial sector sugar sales are more commonly used than across domestic consumers. Rs. 31 per kg of sugar is usually the same for both general and industrial consumers. Therefore, sugar factories do not get any profit from it, but if a double system for its sale is initiated, then sugar factories will receive financial support.
At the moment, 60% of earnings are currently in the industrial sector. The area normally demands about 26 million metric tonnes of sugar annually. If the prices for the region with so many consumers are set differently, then the factories may benefit. Which is being considered by the central government. As a result, the domestic consumers will also have sugar available at lower rates, and the prices will remain under control.
Source: Prabhat, 24 January 2020
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