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Journalism of Courage
The Government might look at importing sugar to meet the shortfall and keep the rising prices of the commodity under control,a leading economist said.
8220;The Government is likely to import more sugar to meet the current shortfall and also to put a check on the rising price of the essential commodity,8221; NCDEX8217;s Chief Economist Madan Sabnavis,said.
Currently,sugar prices have climbed to an all-time high of Rs 40 per kg.
The Government is likely to import sugar after the end of the harvest season in April.
While the demand for sugar is 23-million tonnes,only around 15-million tonnes was produced last season due to scanty rainfall.
