π¬ Sugar Prices Skyrocketing: What's the Deal? π
Retail and wholesale sugar prices have jumped by around 40%, reaching up to 50% in certain states. In eight states including Uttarakhand and Odisha, the price crossed βΉ65 per kg recently. As of August 23, Odisha saw the highest rate at βΉ67.4 a kilogram. The government cited low domestic production and global supply issues as reasons for the hike. The Union Commerce Ministry has approved imports of 10 lakh tonnes until October 31, 2026.