Sugar stocks were said to be sufficient. Prices are now surging
Summary
Sugar prices in Nepal have risen to Rs125 per kg ahead of Dashain, Tihar and Chhath as supplies tighten after India’s export ban. Officials say retailers are selling at near-wholesale rates, while mills warn stocks could run low during the festive season.
Key Points
- Sugar has climbed from Rs110 to Rs125 per kg as the festive season approaches and demand rises.
- India’s sugar export ban and tighter domestic supply have raised concerns about shortages and price spikes in Nepal.
- The Nepal Sugar Mills Association says private mills have only about 7,000 tonnes left in stock, while recent sales to state agencies were made at Rs85 per kg excluding extra costs.
- The government has no concrete plan yet to import additional sugar, even as state traders prepare to meet rising festive demand.
