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Sugar Ex-Mill Prices Fall Nearly 30% To Rs 47 Per Kg
Government measures push down wholesale rates, but retail prices yet to reflect decline
GlobeSignal-AImedium certainty
- Why it matters
- Wholesale sugar prices have collapsed, but retail prices have not yet adjusted downward, meaning consumers have not yet benefited and the gap between wholesale and retail costs may narrow or widen depending on how retailers respond.
- Most affected
- Retail sugar consumers — May see lower prices if retailers pass on the wholesale decline.
Sugar mills and traders holding inventory — Face sharply reduced revenues at current wholesale rates. - Likely next
- Whether retail sugar prices begin to fall in line with the wholesale decline, and how quickly the gap closes.
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