Sugar price surge puts Mysuru hotel industry under strain
The hotel industry in Mysuru is facing financial strain due to a sharp increase in the prices of essential commodities like sugar, onions, and cooking oil. Industry leaders are calling for government intervention to stabilize costs.
Why it matters
Rising food inflation directly impacts the viability of small businesses and the cost of living for consumers.
The sharp rise in the price of sugar and other essential commodities has put the hotel industry in Mysuru under severe strain.
The price of sugar, which was around ₹40 a kg about 15 days ago, has now surged to ₹72, nearly doubling within a short period.
The steep rise is partly attributed to the increasing use of sugar for ethanol production, according to the Mysuru Hotel Owners’ Association.
The association president C. Narayana Gowda said prices of other essential commodities had also risen sharply. Onion prices have increased from ₹18 to ₹50 a kg, while the price of rice used for meals has risen from ₹50-₹55 to ₹70 a kg. Good-quality cooking oil, which was priced at around ₹140, now costs about ₹250.
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