Nepal govt warns traders not to create artificial shortage of sugar

Kathmandu: The Nepal government has warned the traders not to create an artificial shortage of sugar to hike the prices in the market ahead of the forthcoming festival season.

There is a stock of around 75,000-80,000 tons of sugar in the country at present and during festivals the consumption of the sweetener increases to around 25,000 tons during Dashain and Tihar festivals, according to the Department of Commerce, Supplies and Consumer Protection (DoCSCP). Hence there is sufficient stock to cater for the demand of the people till mid-December.

According to the media report, Shiva Raj Sedhai, spokesperson of the DoCSCP said, “There is enough supply of sugar to meet the domestic demand for the next three months. We have informed the importers not to import sugar as of now and the traders have been asked not to hike sugar prices ahead of the season.”

“At present sugar is sold at Rs 87 per kg in the domestic market. The Salt Trading Corporation sells sugar at Rs 78 per kg and the sugar mills and importers sell sugar at Rs 80-85 per kg in the wholesale market. If anyone is found selling sugar above Rs 87 per kg, stern action will be initiated against him,” he further added.

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