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Sugar retail prices drop 3.85% to Rs 62.57/kg after government intervention

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Sugar retail prices in India have fallen by 3.85% to Rs 62.57 per kilogram over the past week following government action. The decline comes after authorities introduced measures including import allowances and restrictions on stock holdings to stabilize the market. Despite the weekly dip, consumers are still paying more compared to prices from a month ago due to existing inventory in the supply chain. Traders holding older, higher-priced stock are slowing the transmission of lower wholesale rates to retail consumers. The government's steps are gradually taking effect, though full price relief at the consumer level may take more time.

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