Economy · India
Sugar prices surge ahead of Diwali due to supply disruption
Sugar prices have significantly increased ahead of Diwali, with rates reaching up to ₹62-70 per kilogram. The supply chain has been disrupted for seven days, leading to a shortage of stock, with only three days' supply remaining in the wholesale market. This situation has affected sweet shop owners and confectioners. Reports attribute the crisis to the arbitrary actions of sugar mills and speculation by agents.
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