π India slashes sugar stock limit amid price surge
India has tightened sugar stockholding limits to 15 days for large dealers to manage soaring prices. This government order applies to dealers handling over 10 metric tonnes monthly, effective from September 1 to November 30. Sugar prices have jumped 10% recently, hitting record highs due to supply constraints. The demand increases significantly from August to November for major festivals like Diwali. Consequently, the government is taking steps to stabilize the politically sensitive commodity. π