STC imports 25k tonne of sugar for festivals.

State-owned Salt Trading Corporation (STC) has imported 25,000 tonnes of sugar from India in a bid to regulate market prices and ensure smooth supply during the upcoming festive season. The shipment amounts to half of the 50,000 tonnes of sugar that STC plans to import by November. The remaining amount will be imported in 10 consignments of 2,500 tonnes each. STC started importing sugar in a bid to end the private sector’s monopoly and make it available at reasonable prices and maintain adequate stocks to forestall possible shortages as output has dropped in both India and Nepal this year.