Govt to boost domestic sugar production

Kathmandu, May 16: The government clarified that it has taken forward a plan to increase the production of sugar in the country through the cultivation of improved sugarcane varieties, which is aimed at reducing Nepal’s dependence on imported sugar.

According to the Ministry of Industry, Commerce and Supplies (MoICS), preparations are underway in coordination with relevant stakeholders to facilitate farmers to adopt modern technologies in sugarcane farming.

The Ministry has also planned to enhance the production capacity of sugar industries across the country. 

The move came in the wake of the policy change in India to impose a complete ban on sugar exports until September 30 this year, citing domestic supply concerns as output falls and inflation rises.

Minister for Industry, Commerce and Supplies, Gauri Kumari, recently held discussions with representatives of the Nepal Sugar Producers Association and relevant agencies regarding consumer interests, market price stability and smooth supply of sugar, informed the Ministry.  

Furthermore, the Ministry has pledged to boost production and strengthen supply management, market monitoring and regulatory measures to prevent any shortage of sugar.

Moreover, sugar producers have also expressed their commitment to increased production of sugar and a regular supply of this essential commodity.

Netra Prasad Subedi, Spokesperson at the MoICS, reiterated the government's commitment to ensuring the steady supply and price stability of essential commodities including sugar.

Given the existing stock of sugar in sugar factories and godowns managed by the Food Management and Trading Company Limited and Salt Trading Corporation Limited, the Ministry clarified that the stock is sufficient to meet demand for around eight months.

The Ministry has also urged consumers and stakeholders not to engage in unnecessary hoarding of sugar. 

It also called upon consumers not to be in confusion regarding the availability and import of sugar. 

Spokesperson Subedi urged consumers and stakeholders not to hoard sugar and other essential commodities that are directly concerned to the daily lives of citizens. 

The Ministry stated that its attention was drawn to the Indian government's policy to restrict the exports of sugar. 

It is said that the total stock of sugar produced by industries in the country and the already imported quantity is sufficient to cover the demand for nearly eight months. (RSS)