Nepal’s Sugar Industries Still in Crisis

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Nepal’s Sugar Industries Still in Crisis

January 3: Sugar industries of Nepal have been incurring losses as their problems have been left unaddressed by the government. President of Nepal Sugar Producers Association, Shashi Kant Agrawal, said that they are compelled to operate their business in loss since the government has not adopted a scientific approach to set the price of sugar.

According to Agrawal, the producers have been selling sugar at Rs 55 per kg due to which the industrialists are facing great loss in the business. Because of this, the industrialists are facing difficulties to pay the due amount to the sugarcane farmers.

Speaking at a discussion program organised by the Industry, Commerce, Labor and Consumer Welfare Protection Committee on Wednesday, Agrawal said, “If this condition persists, , the industrialists will not be able to pay the remaining amount. The government must take the responsibility for paying the debt.”

According to him, the industrialists will be able to pay the due amount to the sugarcane farmers only the government fixes the price of sugar in a scientific way.

Minister for Industry, Commerce and Supply Matrika Prasad Yadav appealed to the sugar producers to continue their production. He assured that the government is ready for discussion with sugar the industrialists.

Blaming the industrialists for inflating the price of sugar, Minister Yadav urged the sugar producers look at the whole picture by putting themselves on the shoes of the general public.

“It has been found that the price of sugar has been increased at the whims of the producers. And when we request them to stop this, the sugar industrialists threaten to shut their industries,” he said, adding, “The government imposed a ban on the import of sugar upon the suggestion of the sugar industrialists. The government is in the favor of the industrialists/ traders, and they also need to support the government by running the industries properly.”

He clarified that the government cannot increase the price of sugar in a way that it affects the customers. He said that the ministry is working to fix the price of sugarcane and sugar within two days.

 

 

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