India limits bulk sugar stocks to tame record prices
India has ordered bulk sugar consumers to limit inventories to fifteen days to combat record prices ahead of the upcoming festival season. The restriction takes effect on September first and runs through November.
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India restricted Sugar inventories for bulk consumers to 15 days on Wednesday, targeting large buyers using over 10 metric tons monthly. The emergency order aims to tame record commodity prices ahead of peak consumption. Prices surged 10% over the past month as patchy rains damaged cane crops.
