ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Sugar- The Scarcity Bogey

August 28, 1971 Sugar GOVERNMENT decontrolled sugar on May 25 and assured the grower, the mill-owner and the consumer that none of them would be adversely affected. Decontrol was greeted by the market with a fall in prices of less than Rs 10 per bag, though headlines in newspapers had called it a 'slump'. As a matter of fact, the decline in prices was a rcfl'e- tioyi of the industry's disappointment with decontrol. From the beginning of the season the industry had been pressing the Government to create a buffer stock and to raise levy prices by at least Rs 30 per bag. By way of hacking up its demand, it had even threat ened to stop crushing.

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