Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Shortage and Price Hike of Sugar Likely during Upcoming Festive Season

  1 min 53 sec to read
Shortage and Price Hike of Sugar Likely during Upcoming Festive Season
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

August 23: With the festive season just around the cover, the market is likely to face shortage of sugar and a price hike.

The domestic sugar industries have run out of stock while the government agencies responsible for the supply of sugar have given permission for limited amount of import this year. Because of these factors, the customers are likely to face shortage of sugar in the upcoming festivals of Dashain and Tihar.

Usually, the demand for sugar during festive season is 70,000 metric tons. But the government this year has given permission to import only 30,000 metric tons of sugar.

Salt Trading Corporation had sought permission for importing 50,000 metric tons of sugar considering the rise in demand during festive season.

But it has been given permission to import 20,000 metric tons of sugar while the Food Management Company Limited has got permission to purchase 10,000 metric tons of sugar.

Stakeholders say that failure to supply adequate amount of sugar as per the demand would result in price hike.

Spokesperson of Salt Trading Corporation Kumar Rajbhandari says that the artificial shortage of sugar witnessed right now and the possible price hike could have been checked had the government given them permission to import 50,000 metric tons of sugar.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.