Ahead of polls, govt acts tough to keep a lid on sugar, wheat prices; penalises those selling more sugar than their quota
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The government has stepped up vigilance on agricultural commodity companies and traders in the runup to the general election to keep food prices in check, said people with knowledge of the matter.
It has penalised nearly 80 sugar firms that have sold more than their respective quota, asked wheat companies to disclose their stock during the harvest season and directed rice exporters to pay export duty even on freight charges to discourage exports, they said.
The consumer affairs, food and public distribution ministry has deducted 25% of the quota for April of some large sugar producers for selling more sugar than the allotted quantity in January.
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