Dealers Can Hold Only 2,000 Quintals of Sugar From Sept 15
What Happened
The Centre has halved the sugar stock-holding limit for dealers from 4,000 quintals to 2,000 quintals, effective from September 15 to November 30. The move is aimed at preventing hoarding and speculative trading ahead of the festive season and follows inspections that found instances of excess stockholding and irregularities in sugar trade.
Key Takeaways
The government hopes the tighter stock limits, along with other measures such as duty-free sugar imports and restrictions on large consumers, will improve market supply and help keep sugar prices stable during the festive demand period.