Sugar prices surge in Nepal before festival season


Kathmandu, Nepal: As festivals are around the corner, sugar prices have surged in Nepal. The prices of sugar in the retail market have shot up to Rs 100 per kg from earlier Rs 85 per kg and the retailers have blamed that the wholesalers and mill operators are behind this hike in the sugar rates.

Speaking to the local newspaper, a shopkeeper from Lazimpat said that they were left with no option but to hike prices as the wholesaler was selling sugar at a high price.

Consumers say this happens every year as the festival season approaches. This year also sugar rates increased.

The annual demand of the sugar in the country is around 250,000 tonnes and the maximum sugar is consumed during three months of the year starting from July when the festival season starts.

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