Nepal: No market for dearer domestic sugar

Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs. It is difficult for Nepali sugar mills to compete with the cheaper sugar imported from foreign countries. Durga Prasad Chaturbedi, sales section chief of Indira Sugar Mill based in west Nawalparasi, said as much as 21,000 quintals of sugar has been in stock in the mill’s godown for no sale. Nepali sugar can only get market space when the existing price is increased to Rs 78 per kilogram (kg) with VAT, he added.