Govt. closely monitoring prices of sugar, pulses and edible oils, says Paswan

The government is keeping a close watch on prices of sugar, pulses and edible oils to check hoarding and ensure adequate availability in the market during the festival season.

Talking to reporters here, Union Food Minister Ram Vilas Paswan today said that the Centre has been constantly monitoring and taking action wherever necessary to remove any kind of regional imbalances causing sugar price hike.

He said that all India average retail price of sugar is hovering in the range of 40 to 42 rupees per kg and in the last six months, the price has been almost stable.

The Minister said, there is sufficient sugar stock is available in the country to meet the domestic requirement.

However, to ensure availability of sugar at reasonable price, the Centre has imposed customs duty on export of sugar to conserve sugar stocks in the country.

It has also imposed sugar stock holding limit on dealers and producers to check any speculative tendency and possible hoardings.