Centre mulls stock limit on sugar if full disclosure doesn't come by Oct 17

Additionally, the government is likely to extend the current restrictions on sugar exports indefinitely after October 31

The Centre may consider imposing stock limits on sugar trade if all entities engaged in the business don’t disclose their inventories on the official portal by Tuesday (October 17), a senior official said.

The government will initially wait for states to take action against non-compliant entities. Thereafter, if the disclosures are found unsatisfactory, a blanket stock limit may be imposed, the official added.

Earlier, on September 23, the food ministry had issued an order directing all sugar stakeholders -- wholesalers, retailers, big chain retailers, and processors -- to weekly update their stock position on its website.

“We are collating data