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Sugar stockholding limit scrapped to keep prices under control

India is one of the world's top sugar consumers

Reuters  |  New Delhi 

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India has scrapped limits on the quantity of that traders can keep, a government statement said on Tuesday, indicating higher output in the year that began in October.

India, the world's top consumer, had imposed inventory limits on traders in the 2016/17 season to keep prices under control as production fell after dry weather conditions cut cane output.

First Published: Tue, December 19 2017. 17:46 IST