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20
September 2017
 |
Sugar (The Total Investment & Insurance Solutions)
Union
Food Minister Ram Vilas Paswan on Wednesday said the government may consider
allowing sugar imports if prices go up during this festive season.
"We
do not want sugar prices to increase during the festive season. We will do
(import) it, if the need arises. We want to keep the prices stable. However,
there is no shortage of sugar as of now," Paswan said on the sidelines of
the National Cooperative Consumers Federation (NCCF) event here.
According
to industry sources, retail prices of sugar are hovering around Rs 40-43 per
kg. The Total Investment & Insurance
Solutions
The
Minister said the closing stock at the end of September will be 37 lakh tonnes. The Total Investment & Insurance Solutions
"As
against an average monthly consumption of 20 lakh tonnes, and start of sugar
production from November, we do not think there will be any shortage," he
added. The Total Investment & Insurance
Solutions
On
September 7, the government had already allowed import of three lakh tonnes of
raw sugar at 25 per cent duty through southern ports in the wake of low
availability in the domestic market and coming festive season.
Paswan
said the imported sugar will be kept in the southern region as sugar production
in the western state of Maharashtra and northern state of Uttar Pradesh is
expected to be good this season.
The
Minister said the government will procure pulses this year as well, though it
has 18 lakh tonnes in the buffer stock.
"Whenever
prices fall, the government will do (procure) it," he said.
Paswan
also said the government was trying to dispose the pulse stock with the help of
the Defence Ministry, National Agricultural Cooperative Marketing Federation
and the NCCF as the shelf life of pulses was less. The Total Investment & Insurance Solutions
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