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Sugar prices rise over 10% in 6 days amid tight supplies ahead of Diwali
Source: Hindustan Times — India · 3 hr ago
Summary
Sugar prices have jumped more than 10% in just under a week because domestic supplies are running short, even after an extra 300,000 tonnes meant for export was redirected to the market. Government steps such as duty‑free raw‑sugar imports, stock limits and purchase restrictions have not eased the shortage, and early crushing of cane in Maharashtra and Karnataka is delayed by lack of ready crop and farmer disputes. This tightness threatens higher prices during the upcoming Diwali festivities.
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From the original report
Demand for sugar rises ahead of Diwali when sweetmakers prepare for the festive season
Excerpt from Hindustan Times — India.
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