Poor rainfall, decline in sugarcane yield push sugar prices up by Rs 5
date:Nov 16, 2012
es respectively. However, India has been the second largest producer of sugar in the world for the last two years.

Since the beginning of 2012, the rate of sugar has consistently been increasing. The rate of sugar, which was Rs 32 per kg in Janaury 2012, has increased to Rs 42 to Rs 43 in the retail market and from Rs 34 to Rs 39 in the wholesale market. Obviously, the common man will feel the pinch, as he would have to shell out Rs 5 more this festive season.

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Vijaysinh Mohite Pati
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