November 03, 2024 00:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Andhra Pradesh: Three-year-old girl raped and murdered by relative in Tirupati | Two terrorists killed in encounter with security forces in Kashmir's Anantnag | Bengal: 5-year-old girl raped and murdered in Alipurduar, accused beaten to death by angry villagers | Kashmir: Encounter breaks out between security forces and terrorists in Srinagar | Mumbai Police initiates extradition process to bring back Lawrence Bishnoi's brother Anmol Bishnoi from US
Sugar prices to go up as demand from bulk buyers rise
Sugar prices
Image Credit: Pixabay

Sugar prices to go up as demand from bulk buyers rise

| @indiablooms | 08 Apr 2022, 02:13 am

New Delhi/IBNS: Sugar Prices in India are likely to shoot up due to bulk demand triggered by increased consumption of ice cream, cold drinks, sweets after two years of lull caused by the Covid-19 pandemic restrictions.

Exports are also expected to reach record levels, with Indian mills having already signed contracts to ship 7.2 million tonnes of sugar overseas in the 2021/22 marketing year, the ISMA estimates, Reuters reported.

Prices are also likely to go up as government has lifted restrictions on social gatherings like marriages and other functions.

In the past two years, social gatherings were organised with fewer people in attendance that hampered demand for sugar  which is usually high in the wedding season.

Local prices have been going up and likely to go up further as the demand from bulk buyers is set to jump.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.