Hyderabad: 28°C
Business

Sugar Prices Hit ₹65/kg, Quick-Commerce Platforms Cap Orders

Sugar prices surged to ₹65/kg, up 29% in a month, prompting Zepto, Blinkit, and Swiggy Instamart to cap orders at 2-5 kg as inventories dropped 40% below average, per ET. The government responded by allowing duty-free imports of 1 million tonnes and imposing stock limits on traders to boost supplies ahead of the festive season.