Economy · India
India doubles sugar stock limits for bulk users
The Indian government has doubled the sugar stockholding limit for bulk consumers, such as restaurants and sweet shops, from 15 days to 30 days. This move aims to increase the availability of sugar and potentially lower prices for consumers, especially during the upcoming festive season. The government has also urged traders and wholesalers to pass on the benefits of lower ex-mill sugar prices to consumers. This decision follows reports of traders being asked to source imported sugar if they wished to hold more than 15 days of stock.
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- Centre (4): Deccan Herald, The Hindu BusinessLine, The New Indian Express, The Statesman