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Sugar prices remained above Rs 60 per kg in most retail markets across the country on Sunday, despite several steps taken by the government to check the price rise, according to official data. The Consumer Affairs Ministry data showed that the all-India average retail price of sugar was Rs 64.24 per kg on Sunday, up 1.77 per cent from Rs 63.12 per kg a week earlier. The current price is 30 per cent higher than a month ago and 38.63 per cent higher than the same period last year. The maximum retail price recorded was Rs 74 per kg, while the minimum was Rs 40 per kg, as on August 30. City-wise, retail sugar was selling at Rs 62 per kg in Delhi, Rs 66 per kg in Mumbai, Rs 63 per kg in Chennai and Rs 68 per kg in Ranchi. Wholesale prices also stayed firm at Rs 59.73 per kg, up 31 per cent month-on-month and 38.63 per cent year-on-year. price was Rs 58.66 per kg a week ago. The elevated retail and wholesale prices come even as ex-mill rates have declined nearly 20 per cent following the
Sugar prices have skyrocketed in the market amid declining sugarcane production and increased stockpiling by traders, according to experts who attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Opposition parties have been targeting the Centre over increased ethanol blending in petrol, alleging that the policy was pushing up sugar prices and imposing an additional financial burden on people. The government has rejected the claims and instead blamed the industry for jacking up prices despite the country having sufficient stock to meet domestic demand. The rate of loose sugar in Chhatrapati Sambhajinagar, Maharashtra, has risen to Rs 75-80 per kg, a supermarket owner said on Sunday. Experts attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Former Maharashtra Sugar Commissioner Shekhar Gaikwad said sugarcane production and yields are .
The Uttar Pradesh Sugarcane Research Council, Shahjahanpur, has developed a new high-yielding sugarcane variety named 'Bismil', after freedom fighter Ram Prasad Bismil, which has now been approved for cultivation in four more states, officials said on Thursday. The variety, earlier approved only for Uttar Pradesh, has received clearance for cultivation in Haryana, Punjab, Uttarakhand, and Rajasthan following approval by the central committee, Council Director V K Shukla said. Developed under the All India Coordinated Research Project of the Indian Council of Agricultural Research (ICAR), the variety is officially designated as CoSha 17231 (Coimbatore-Shahjahanpur). It is resistant to red rot disease, a major threat to sugarcane crops, and has an average yield potential of 86.35 tonnes per hectare with a sugar recovery (pol per cent in cane) of 13.97 per cent, its breeder Dr Arvind Kumar said. Senior scientist Ajay Tiwari said the new variety would significantly boost farmers' incom