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Summary Ex-mill rate of sugar has lowered to Rs 45 due to government delaying purchase from sugar mills.
The market price of sugar has sunk by Rs 10 over the last 2 to 3 weeks. For the last few weeks, sugar price was being increased by the government and sugar mill owners citing shortage of supply against soaring demand.However, due to beginning of crushing season, the hoarders have started selling sugar in the market. The sugar price has started dipping due to excessive supply.
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