1 week ago

CPI(M) Blames Ethanol Policy for Rising Sugar Prices

CPI(M) Blames Ethanol Policy for Rising Sugar Prices
Sugar price rise: CPM blames ethanol policy · thehansindia.com

Sugar has become more expensive in India.

The CPI(M) says the government caused this by sending sugarcane to make ethanol instead of sugar.

Its leader Jaswinder Singh said nearly 25 lakh tonnes of sugarcane were diverted.

The party says this helped create a shortage and pushed prices higher.

In Bhopal, shopkeepers said sugar rose from Rs 65 to Rs 70 per kilogram in one week.

The government disagrees with the CPI(M)’s explanation.

It says India has enough sugar for people’s needs and blames the industry for increasing prices.

The CPI(M) wants the government to reduce sugar prices immediately.

The party also questioned possible sugar imports and warned that imported sugar could take more than two months to arrive.

Key facts

Accusing party
Communist Party of India (Marxist), or CPI(M)
Speaker
Jaswinder Singh, CPI(M) Madhya Pradesh secretary
Alleged diversion
Nearly 25 lakh tonnes of sugarcane for ethanol production
Reported Bhopal price
Rs 70 per kg, up from Rs 65 per kg a week earlier
Government position
The government rejected the CPI(M)’s claims and said domestic stocks were sufficient
Government’s explanation
The industry was blamed for raising sugar prices
CPI(M) demand
An immediate rollback of sugar prices
Import concern
The CPI(M) said imported sugar could take more than two months to reach India

Quotes

Jaswinder Singh

CPI-M Madhya Pradesh Secretary

“The government is still not ready to explain the reason behind this sudden increase in sugar prices”
thestatesman.com

Sources

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