Wednesday, January 13, 2010

Sugar prices to decline within a week: Pawar

New Delhi, Jan 13 (PTI) Under attack over upward spirall in prices, the government today took a slew of measures to increase availability of sugar, pulses and other commodities and hoped rates of the sweetener, being sold at nearly Rs 50 a kg, would start declining in a week's time.

To increase the availability of sugar, the government relaxed the norms for processing of raw sugar and allowed duty-free import of white sugar till December-end.

A host of decisions, including selling of 2-3 million tonnes of wheat and rice in the open market over the next two months and asking state-owned trading firms to intensify import of pulses, was taken at a meeting of the Cabinet Committee on Prices chaired by Prime Minister Manmohan Singh.

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