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

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EGS To Suit the Administrator or the Poor

had in fact threatened to release an additional 50,000 tonnes into the open market if the price showed any sign of an uptrend. Similar action by the government to keep a check on the sugar price should be expected also next month, which is the main festival month, The reason for such zealous government vigilance over the price of sugar is obviously the elections to Parliament. The government will apparently continue to order large releases into the market for some more months till the elections are over. In its effort to dampen the sugar price, the government has already ordered the liquidation of half of the 1 mn tonne buffer stock built up in 1981-82 and 1982-83. Further, so as to take no chances at all, the government has gone to the extent of contracting for import of half a million tonnes of sugar, which are expected to arrive shortly. The imports are estimated to cost around Rs 100 crore.

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