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Old habits die hard July 14, 2021 This refers to the editorial ‘The bitter truth’ (July 12). Sugar prices continue to increase across the country mostly due to the ruling party’s poor governance and mismanagement. The sugar crisis is purely an economic problem. However, the government has adopted administrative and legal measures to resolve it. The price of any commodity is heavily influenced by demand and supply curves. It can increase if there is a sudden increase in demand – or a decrease in supply. There was no surge in demand for sugar. The problem was on the supply side. The measures adopted by the government further aggravated the problem. It is also an open secret that sugar production is often underreported by sugar mills to avoid taxes. Previously, the actual supply in the market used to be more than what was indicated by official statistics. During the current sugar crisis, this source of supply also dried up due to investigations against owners and management

Abdul majeedஅப்துல் மஜீத்