Sugar hits Rs 160 per kg amid supply shortages
Summary
Sugar prices in the Kathmandu Valley have climbed to Rs 160 per kg as floods and landslides in Bhotekoshi disrupt supply ahead of the festive season. The government is moving to import and procure 25,000 metric tons of sugar through STC and FMTC, but transport damage and limited outlets are constraining supply.
Key Points
- Sugar is selling for Rs 145 to Rs 160 per kg in Kathmandu Valley, up from Rs 100 to Rs 105 two weeks ago.
- Floods and landslides in the Bhotekoshi area have worsened an already tight sugar supply ahead of major festivals.
- The government will facilitate imports of 25,000 metric tons of sugar through STC and FMTC at a 1 percent customs duty.
- Limited government outlets and damaged roads are preventing cheaper sugar from easing market prices more widely.
