Indian govt halves stock limit for traders to 100 tonnes
The order will come into force from October 15 and will be valid till November 30
India's government has reduced the maximum sugar stock holding limit for traders to 100 tonnes, down from 200 tonne. This change, effective October 15, is valid until November 30. Traders are instructed to liquidate surplus stock within 15 days to meet the revised limit, which was previously 400 tonne. The stock limit in Kolkata and its metropolitan areas remains at 200 tonne, previously 400 tonne.
Assam, however, is now included in the revised limit of 200 tonne. The government's aim is to ensure smooth supply of sugar to consumers at reasonable prices during the festive season.
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