Festive sweets could see a 15% price hike due to rising milk and sugar costs
Expect to pay 10-15% more for your favorite sweets this festive season as the cost of ingredients like milk and sugar continues to climb. Sugar prices have surged by over 35%, with retail rates in Maharashtra now exceeding ₹65 per kg. This supply crunch is largely due to reduced sugar output and the diversion of roughly 30 lakh tonnes toward ethanol production. Additionally, milk prices in Mumbai saw an increase of ₹9 per litre starting September 1.
by shortkt.com✓