Sugar price hike: MCCI voices food product manufacturing industry’s concerns

MCCI president says that the sharp rise in the price of sugar was severely affecting the food-product manufacturing as well as hotel industry | Photo Credit: File Photo The rise in price of sugar over the last few days has sparked concern among the food-product manufacturing and the hotel industry with Mysuru Chamber of Commerce and Industry (MCCI) urging the Centre and State governments to immediately intervene and take steps to provide sugar at a subsidised price.MCCI president K.B. Lingaraju, in a statement here, pointed out that the sharp rise in the price of sugar was severely affecting the food-product manufacturing as well as hotel industry.The increase in sugar prices is affecting not only the domestic consumers, but also the production costs of bakeries, sweet manufacturers, biscu