The government today put limits on quantity of sugar bulk consumers like biscuit manufacturers and ice cream makers can keep, restricting them from stocking no more than 15 days of supplies. The limit would be in force for six months, an official statement said.
The move comes as sugar prices have doubled to Rs 35 a kg in a year’s time, as production fell. Besides, fears of a poor crop next season due to failed monsoon fuelled prices.
The statement said stock holding limit has been imposed on consumers, “whose average consumption of sugar are in excess of 10 quintal per month, that they shall not keep in stock, at any manner, sugar exceeding 15 days of such use or consumption for a period of six months.”