this is my personal feedback on recent upsurge in sugar prices in Western UP.:
few groups controlling major chunk of share resulting in cartel formation and unseasonable price hikes....
govt playing its part by sealing some of the mills (serving NCR market) creating an artificial shortage in the market.. helping some large groups....
when the world knows that sep-oct is high demand season.. then why govt not taking steps to ensure regular supplies....
Mills here should realise that dynamics of the business are changing and gone are the days where mills used to manipulate the market. With increasing institutional demand and rising awareness among wholesaler, sugar mills have to start behaving like a corporate and not like lala-sethji.
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