Wholesale Sugar Price Falls, Retail Price to Come down in Two Weeks
Whole prices of sugar have come down, rekindling hopes of fall in retail prices as well and giving consumer the much needed relief, reported CNN-IBN.
There is a fall of Rs 4 per kg in wholesale sugar price with its current price dropping of Rs 38 per kg from Rs 42, said report.
Union Agriculture Minister Sharad Pawar said that retail price of sugar would also fall but it would take another two weeks.
“Sugar prices in wholesale markets have come down from 42 per kg to 38 per kg. In retail it will take 10-15 days to come down,” Pawar was quoted as saying.
Prices in Baghpat, one of India largest wholesale sugar markets, were Rs 3,980 per quintal on January 15, down from Rs 4,280 per quintal on January 13.
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