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Our Correspondent

Madurai, Aug. 23

The Sattur Chamber of Commerce and Industry has urged the Prime Minister, Dr Manmohan Singh, to decontrol sugar immediately and drop the ban order on export of sugar. In a letter addressed to the Prime Minister, the Chamber Secretary, Mr P.T.K.A. Balasubramanian, has pointed out that at a time when the country produced sugar in excess of domestic consumption, the Government has stopped export of sugar and allowed for the import of sugar. As a result, sugar price has come down to Rs 17,650 from Rs 21,000 for a tonne. Dealers in sugar business have to meet a huge loss.

The reverse in the market has also hit sugar production. While first grade cane jaggery is ruling at Rs 20, the sugar costs Rs 18 per kg. If sugar is decontrolled, there would be a boost in sugar production and a good volume of revenue generated from it. Any failure to do this, would enable Thailand and Brazil to enter the market and Indian interests would be affected, he has cautioned.

More Stories on : Sugar | Tamil Nadu

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