‘Can’t hold more than 10 tonnes’: Govt sets 15-day sugar stock limit for bulk consumers

The stock limit will be from Sep 1 to Nov 30NEW DELHI: The government has imposed a stock limit on sugar for bulk consumers, including confectionery makers, soft drink manufacturers, food processing industries, sweetmeat sellers and other institutional buyers. These consumers can hold a maximum of 10 tonnes of sugar for 15 days.The stock limit will be from September 1 to November 30.The price surge also comes amid growing focus on the diversion of sugarcane towards ethanol production under the government’s E20 programme. The government is looking at reducing the amount of sugarcane diverted for ethanol in the sugar season beginning October, which could leave more cane available for sugar production and help ease domestic prices. India has increasingly used sugarcane and its by-products for