BusinessPhoto: News18Hi BusinessIndia Extends Duty-Free Raw Sugar Import Deadline to December 31
The Indian government has extended the duty-free import deadline for 1 million metric tons of raw sugar to December 31. It has also reduced the stockholding limit for sugar traders to 1,000 quintals. These measures aim to prevent hoarding, maintain market supply, and control prices. Retail sugar prices have fallen about 15% and mill prices by 28% since August highs.
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