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Sugar stockholding limit scrapped to keep prices under control

India is one of the world's top sugar consumers

Sugar
Reuters New Delhi
Last Updated : Dec 19 2017 | 5:48 PM IST

India has scrapped limits on the quantity of sugar that traders can keep, a government statement said on Tuesday, indicating higher output in the year that began in October.

India, the world's top sugar consumer, had imposed inventory limits on traders in the 2016/17 season to keep prices under control as production fell after dry weather conditions cut cane output.

 

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First Published: Dec 19 2017 | 5:46 PM IST

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