Sweet Tooth May Cost More This Festive Season; Sugar Prices Rise By 40% In The Last 1 Month Across Madhya Pradesh

Bhopal, Madhya Pradesh: The escalating cost of sugar may lead to increased prices for sweets during the upcoming festive season, according to local sweet makers and sellers. The price of sugar has surged by over 40% in just one month, with no signs of a reduction in sight. This significant jump, coupled with the fact that sweets are a staple during celebrations, could result in higher costs for consumers.

Raghvendra Yadav, a manager at a popular sweets shop in New Market, revealed that they have not yet raised prices but are considering doing so in the near future. Other factors contributing to the price hike include a 20% increase in the cost of dry fruits used in some sweets. Phirni, a traditional sweet priced at Rs 650 per kg last year, remains unchanged this year, but ghevar's price has climbed from Rs 980 to Rs 1,050 per kg due to the sugar price hike.

Udit Agarwal, owner of another prominent sweets shop, stated that they will only raise prices if sugar prices continue to rise. The rise in production costs for sweets, caused by the steep increase in sugar prices and the surge in the cost of dry fruits, is a concern. Mukesh Tiwari, a tea shop owner in New Market, mentioned that he intends to increase the price of tea from Rs 10 to Rs 12 per cup and coffee from Rs 10 to Rs 15 per cup starting next month, influenced by the higher sugar costs.