India Tightens Sugar Inventory Limits
India has restricted bulk sugar dealers from holding inventories for more than fifteen days to curb record high prices ahead of the festive demand season. The new government rules take effect on September first and remain until November.
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India has ordered large traders to halve their Sugar inventories to a maximum of 15 days, down from 30 days previously. The emergency restriction runs from September 1 through November 30. The policy aims to cool record-high domestic sweetener prices ahead of the heavy festival consumption period.
