Price of sugar soars in Medan

Fri, 09 Jul 2004, 00:00 WIB | Source: JP

MEDAN, North Sumatra: The price of sugar in North Sumatra has
been going up in the past week due to a shortages, sugar traders
reported on Thursday.

Last week, the price of sugar stood at Rp 4,200 (US$ 0.44
cents) per kilogram, but the price has risen to Rp 4,400 per
kilogram, said a trader in Sentral Medan market here.

The rising price was apparently caused by sugar hoarding, the
trader said. -- Antara

View JSON | Print