India has tightened sugar stockholding limits, ordering sellers dealing with greater than 10 metric tonnes a month to carry inventories for not more than 15 days from September 1 to November 30, as costs hit report highs forward of the pageant season.
| Picture Credit score:
AMIT DAVE
India, seeking to tame report
sugar costs, has ordered that no supplier utilizing extra than 10
metric tonnes of the sweetener per 30 days shall maintain inventories
for greater than 15 days, a authorities order confirmed on Wednesday.
The order will come into power on September 1 and stay in
power till November 30, the notification mentioned.
On Tuesday, Reuters reported that India was contemplating measures
to bolster sugar provides and rein in report costs, together with
restricted duty-free imports and tighter stockholding limits for
bulk merchants, doubtlessly permitting abroad shipments for the
first time in almost a decade.
India’s sugar demand usually rises from August to November as
the nation celebrates main festivals similar to Ganesh Chaturthi,
Dussehra and Diwali, resulting in bulk customers similar to biscuit
and confectionery makers constructing inventories forward of the
pageant season.
Final month, India, the world’s largest sugar shopper, ordered
sellers to carry shares for not more than 30 days, in a bid to
bolster provides.
But, Indian sugar costs have jumped 10% over the previous month to
a report excessive and are anticipated to stay excessive for not less than the
subsequent three months as provides tighten and pageant demand
gathers tempo.
Patchy rains and dry climate circumstances have hit the sugarcane
crop, which generally requires copious quantities of water for
irrigation.
Sugar is politically delicate in India, the place sweets are
extremely in style and lots of poorer households depend on it as an inexpensive
supply of energy.
Revealed on August 20, 2026
