Financial Daily from THE HINDU group of publications
Wednesday, Feb 11, 2004
Financial Daily from THE HINDU group of publications Wednesday, Feb 11, 2004 |
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Opinion
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Letters Sugar prices
The rise in the price of sugar has been created by a few speculators. The price at which sugar is sold depends on the market sentiments. In this game (market sentiments) the millers and brokers play a major role in boosting the prices. As sugar is an essential commodity, various news articles about it reflects the market sentiments. The brokers who play a major role in marketing the product are getting unnoticed because of the millers. They are not even subjected to any service tax which they have to pay to the Government. If a strict vigilance is kept on the sales by the millers through brokers it can stabilise sugar price and also earn revenue for the government by way of service tax. The authorities should have a close watch on this movement which will ensure a fair and stable price for the commodity. B. D. Mangal Chennai Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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