Sugar rush: India cuts stock limits as prices turn bitter

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• The order will come into force on September 1 and remain in force until November 30, the notification remarked.
• Last month, India, the world's biggest sugar consumer, ordered dealers to hold stocks for no more than 30 days, in a bid to bolster supplies.
• Power shift, a déjà vu: Air India could be new CEO's toughest flight yet.
• The Economic Times daily newspaper is available online now.
• India sugar pricessugar stock limitssugar supply measuressugar cost hikefestival sugar demandsugar import policies.

Meanwhile, the Economic Times daily newspaper is available online now. India tightens sugar stock limits to tame record rates. India tightens sugar stock limits to tame record rates.

India has ordered dealers to hold sugar inventories for only fifteen days. This new rule takes effect from September first until November thirtieth. The administration seeks to bolster sugar supplies and rein in soaring rates. Festival demand and patchy rains have contributed to the current cost surge. These measures are intended to stabilize the market through the busy festival season.

India, looking to tame record sugar rates, has ordered that no dealer using more than 10 metric tons of the sweetener per month shall hold inventories for more than 15 days, ‌a administration ⁠order ⁠indicated on Wednesday. The order will come into force on September 1 and remain in force until November 30, the notification remarked. On Tuesday, Reuters documented that India was considering measures to bolster sugar supplies and rein in record costs, including limited duty-free imports and tighter stockholding limits for bulk traders, potentially ⁠allowing overseas ‌shipments for the first time in almost a decade. India's sugar demand typically rises from August to ⁠November as the country celebrates major festivals such as Ganesh Chaturthi, Dussehra and Diwali, leading to bulk consumers such as biscuit and confectionery makers building inventories ahead of the festival season.

Last month, India, the world's biggest sugar consumer, ordered dealers to hold stocks for no more than 30 days, in a bid to bolster supplies. Yet, ‌Indian sugar rates have jumped 10% over the past month to a record high and are anticipated to remain high for ⁠at least the next three months as supplies tighten and festival demand gathers pace. Live Events.

Patchy rains and dry weather conditions have hit the sugarcane crop. It typically requires copious amounts of water for irrigation. Sugar is politically sensitive in India, where sweets are highly popular and plenty of poorer households rely on it as a cheap source of calories. Add Now!

ET Prime special series: Bigger or Better? Bharat Electronics' 2013 to 2026 journey – Part 2.

For now, sugar rush: India cuts stock limits as prices turn bitter remains the part of the story worth watching, and further updates are likely as more details are confirmed.