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Indian-Commodity  :  Commodities  :  Sugar  :  Government extends stock limit on sugar traders till December 31

Government extends stock limit on sugar traders till December 31 (02-Nov-2017)

The government has extended the stock limit on dealers of sugar by another two months till December 31, 2017. This step has been taken in order to ensure smooth supply of sugar in the market at reasonable prices. The stock limit for sugar dealers shall be 10,000 quintals in Kolkata and extended region and 5,000 quintals in other places.

The country's sugar output fell to around 20 million tonnes (MT) in the 2016-17 season (October-September) as against 25 MT in the previous year.

Production is estimated to bounce back to 24-25 MT in the 2017-18 marketing year.



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