Sugar prices have seen a significant drop across the country. Wholesale prices fell by up to ₹500 per quintal, while retail prices also decreased by up to ₹4 per kg.
A decline has been observed in sugar prices across the country, providing some relief to the common people. A reduction in sugar prices has been recorded in both wholesale and retail markets.
Following the measures taken by the government to control prices, the market is expecting a softening of prices.
The wholesale sugar market has witnessed a significant fall in prices. According to data, a reduction of up to ₹500 per quintal has been seen in wholesale rates.
According to data from ChiniMandi, the wholesale price of sugar in Delhi fell from ₹6600 per quintal on Saturday to ₹6350 per quintal on Monday.
In Kanpur, the price also decreased from ₹6650 to ₹6350 per quintal.
In Raipur, the rate dropped from ₹6600 to ₹6250 per quintal.
The wholesale price of sugar in Mumbai decreased from ₹6750 to ₹6250 per quintal.
Similarly, the price in Ranchi went from ₹6700 to ₹6500, in Kolkata from ₹6800 to ₹6400, and in Hyderabad from ₹6800 to ₹6600 per quintal.
In Chennai, the price fell from ₹6900 to ₹6700 per quintal, while in Guwahati, the rate dropped from ₹6820 to ₹6450.
Along with the wholesale market, a decline has also been registered in retail prices, directly benefiting consumers. Sugar has become cheaper by about ₹4 per kilogram in the retail market.
In Delhi, the retail price of M-30 sugar was ₹68 per kg on Saturday, which decreased to ₹65 per kg on Monday.
In Kanpur, the price fell from ₹69 to ₹66, and in Raipur from ₹68 to ₹65 per kg.
In Mumbai, sugar is now selling for ₹65 per kg, down from ₹68.
The price in Ranchi dropped from ₹70 to ₹66, in Kolkata from ₹70 to ₹67, and in Guwahati from ₹71 to ₹67 per kg.
In Hyderabad, the rate fell from ₹70 to ₹67, and in Chennai, it decreased from ₹70 to ₹68 per kilogram.
The Indian Sugar & Bio-energy Manufacturers Association (ISMA) has stated that sugar prices may soften further in the coming days.
The organization clarified that there is no real shortage of sugar in the country.
According to ISMA, the recent surge in prices was not due to a supply shortage but was caused by festive demand, market sentiment, and extra purchasing by wholesale buyers.
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