In a week, the factory price increased by Rs 8 to Rs 10 per kg
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Less than two weeks after the government fixed the sugarcane support price, the sugar industry held a press conference. In a press conference held on November 25, Shashikant Agarwal, the president of Nepal Sugar Industry Association, claimed that Nepal's market was driven by smuggled sugar and said that the sugar produced by the indigenous industry was stored in warehouses.
Although not officially imported, around 60,000 tons of sugar has been smuggled into the market. The sugar produced by the smuggled sugar was stored in the warehouse,' Agarwal said, 'there is as much sugar as needed in the market.' The crossing runs from November to March. Based on the Sangh's statement, there is as much sugar as there is in the market. On the one hand, it is the crushing season and on the other hand, because of the smuggled sugar, the price of sugar has to decrease. But the market price is opposite.
The industrialists who held a press conference saying that sugar was not sold have increased the factory price of sugar within three weeks. Although there is no specific reason to increase the price, they have increased the price by 'syndicating'.
When supply and demand are not in balance, it is natural for some prices to rise. But there is as much sugar as there is in the market. Experts say that sugar is stored in warehouses with industrialists as well. Crossing in progress. There is no problem with supply either. However, they say that the factory gate price has increased from 8 to 10 rupees per kilo within a week.
'In a week, the factory gate price of sugar increased from 84 rupees per kg to 85 rupees, 86 rupees, 88 rupees and reached 92 rupees. According to the mill, it has increased by 8 to 10 rupees per kg in a week, the price has been increased and the sale has been stopped," said Sanjay Phuyal, owner of Asma & Company Pvt. Ltd., "It is the crossing season. There is as much sugar as there is in the mill, but the price has been increased arbitrarily.'
Ishwari Shrestha, a wholesale trader in Balaju, says the same. He also said that the factory price of sugar has increased since last one week. He said that after the increase in the factory gate price of sugar, it will naturally affect wholesale and retail as well.
The retail trade association has fixed the price of sugar at Rs 102 per kg while the industrialists are selling at the factory gate price of Rs 84. The factory price has increased since a week. Phuyal, a wholesaler, says that the transportation cost from Birgunj to the valley is Rs 3 per kg. Bringing it from Mahakali costs up to 4 and a half rupees. Then the wholesalers sell to the retailers keeping a profit of one or two rupees. Retailers also do custom sales. Since
, the industrialists have said that the sugarcane crushing (Pelda) has increased the price because the juice did not settle as expected. Sugarcane harvesting is going on in the mill. But as much sugar as it should have come, it has not come in that proportion. Sugarcane has not got enough juice," said an employee of Bhageshwari Sugar Mill, "that's why we have increased the price. In a week, it has increased by about 6/7 rupees, now it will not increase much.'
Annapurna Sugar Mill officials have also claimed that the price has increased due to the fact that the juice did not come out as expected when sugarcane was harvested. Even if the price has increased, it is not more than last year. In the beginning, the price decreased, now it has increased a bit," said an employee of Unnapurna Sugar Mill, who did not want to mention his name, "The reason for the price increase is that there is not enough juice in the sugarcane."
Nepal has an annual demand of 285,000 tons of sugar. Last year, 178,717 tons of sugar was produced by the sugar industry. The remaining legal and illegal imports filled the market. The association has estimated that 200,000 tonnes of sugar will be produced in the current financial year. The Department of Commerce, Supply and Consumer Protection has said that there is a big gang in the sugar sector and it is arbitrarily arbitrarily priced.
'We issued a notice to import the sugar quota of Dasaintaka. First come first served. At that time, the price of sugar in the market was 115 rupees per kilo, the department said that they would sell quota sugar at 107 rupees, and the gang tried hard to prevent that sugar from being brought in,' said Rajan Paudel, director general of the department, 'after the traders brought quota sugar, the industrialists reduced the price to 95 rupees per kilo. Those who imported sugar from the government quota suffered huge losses. This shows that there is interest in the sugar sector.'
