India moves to cool surging sugar prices as festive demand looms
- NEW DELHI: India is moving to boost sugar supplies and curb hoarding after prices surged ahead of the festive season, squeezing consumers and businesses in the world’s largest sugar-consuming country.
- The government has asked sugar mills to ensure adequate supplies and keep prices at “reasonable” levels, the latest in a series of measures aimed at cooling the market.
- Retail prices have eased from their recent peak but remain elevated, with demand expected to rise in the run-up to Deepavali in November.
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- NEW DELHI: India is moving to boost sugar supplies and curb hoarding after prices surged ahead of the festive season, squeezing consumers and businesses in the world’s largest sugar-consuming country.
- The government has asked sugar mills to ensure adequate supplies and keep prices at “reasonable” levels, the latest in a series of measures aimed at cooling the market.
- Retail prices have eased from their recent peak but remain elevated, with demand expected to rise in the run-up to Deepavali in November.
Sources: CNA