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India Today

India tells sugar mills to keep supplies adequate and prices in check for festival season

AI Market Summary
India's government is pressing sugar mills to maintain adequate festive-season supply and warned of corrective action against unjustified price rises, while approving a 1m-tonne duty-free import quota (about 0.8m tonnes already applied). The measures aim to curb hoarding-driven tightness and stabilize domestic prices, increasing near-term supply visibility and reducing upside pressure in sugar-linked pricing and trade flows.
Impact level
● Medium
Affected assets
NCCOSUGAR2USD/USDT-1.24%
AI Insight · NCCOSUGAR2USD/USDTAI Insight
● Neutral
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India’s government has urged sugar mills to ensure adequate market supply and keep prices stable during the festival season. It has approved a duty-free import quota of 1 million metric tonnes of sugar to ease domestic price pressure. Sugar prices have slipped from last month’s record high but remain nearly 20% higher than two months ago, with import applications received for around 800,000 metric tonnes.
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