No reason for stakeholders to hoard: Govt amid sugar price rise

Sanjeev Chopra, Department of Food and Public Distribution's Secretary, said the recent surge in sugar prices was not driven by "fundamentals". "Stocks remain ample and adequate, and there is no reason for stakeholders to profiteer, hoard, or speculate, or create an impression of shortage," he said. Sugar prices rose from ₹48.18/kg on July 20 to ₹55.70/kg on August 20.