Reining in prices. Government considering stock limit on sugar, decision likely next week
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The Centre is considering imposing a stockholding limit on sugar wholesalers, prescribing the maximum quantity they can keep at any point of time in order to check any price rise. The last stock limit was imposed in 2016 amid a drought.
The Food Secretary is believed to have conveyed to sugar mills the government’s displeasure at the recent price rise after a spurt in ex-mill prices, sources said. However, the mills have suggested a higher domestic quota.
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