State-owned Salt Trading Corporation (STC) and National Trading Ltd (NTL) are selling sugar through their outlets. They had stopped selling sugar for a couple of weeks after they ran out of stuck due to delay in procuring sugar. [break]
“We have resumed selling sugar to general public at Rs 80 per kg as some private sugar mills have started providing sugar to us as per the government´s call,” said Urmila Shrestha, general manager of STC.
Responding to the government´s call, private sugar mills have already agreed to provide 5,000 tons of sugar to the government for immediate purpose. According to Shrestha, Everest Sugar Mill, Mahalaxmi Sugar Mill and Eastern Sugar Mill have already pledged to sell 750 tons, 500 tons and 750 tons respectively to the government.
The government will buy the sugar at factory gate price of Rs 65 per kg, excluding Value Added Tax, commission and transportation cost.
To tame the skyrocketing price of sugar in domestic market, the government has urged private mills to sell 50 percent of their total production to the government.
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