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Sugar & Health
ID:
2
Date:
18-10-2011
Headline:
Sugar prices buck inflationary trend
Writer:
Source:
PDF:
The financial chronicle in a report on 14/10/2011 titled “Food inflation eases, but most items still costly”. Cereals, rice, pulses and vegetables have reported an increase in prices. It is important to note that sugar is not part of the table. This is despite the fact that sugar has weightage of 1.73% in the WPI Index and sugar is a commodity as an important item of consumption by each household.
At a time when prices of various food items are showing an inflationary trend, sugar prices have actually decelerated over a period of time. Sugar prices rose steadily during the financial year 2009-10 when the increase in the price of sugar between April to November 2009 was almost 40%, fuelled by a combination of factors. During 2009-10 financial year sugar price increased had a major contribution in the overall increase in general prices. However, importantly sugar prices have since softened and during 2011-12 sugar season remained almost at the same level between Rs.31-33 per Kg all over the country.
It may be seen from the graph above that in comparison to other important food items there has been a marked decline in the prices of sugar during the last six months. Abinash Verma, Director General, ISMA said, sugar is an important article in the food basket of every household, but we see no mention in the news report on inflation. This is because of the fact that even though the general food inflation has been high in the recent past the sugar prices have in fact dipped quite significantly over the same period of time.
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