Sugar Prices Rise, Shortages Emerge as Festivals Approach
Summary
Sugar prices in Kathmandu have risen to Rs 120 per kilogram as festival demand grows, and consumers are reporting shortages in shops. The Salt Trading Corporation says it has stock on hand and is preparing to import 10,000 quintals to stabilize supply, while government action on imports and market monitoring has lagged.
Key Points
- Sugar that previously sold for Rs 95 to Rs 100 per kilogram has climbed to Rs 120 per kilogram in the retail market.
- Consumers say sugar is difficult to find even when they are willing to pay higher prices.
- The Salt Trading Corporation says it has 1,100 metric tons in stock and is preparing to import 10,000 quintals of sugar.
- Delays in import approvals and weak market regulation have raised fears of further shortages during the festival season.
