December 19, 2017 / 11:07 AM / in 9 months

India scraps stock limit on sugar for traders - govt statement

NEW DELHI (Reuters) - India has scrapped limits on the quantity of sugar that traders can keep, a government statement said on Tuesday, indicating higher output in the year that began in October.

FILE PHOTO: A worker checks the flow of sugar inside the Gandavi sugar factory, 165 km (102 miles) south of Ahmedabad, India, March 26, 2012. REUTERS/Amit Dave/File Photo

India, the world’s top sugar consumer, had imposed inventory limits on traders in the 2016/17 season to keep prices under control as production fell after dry weather conditions cut cane output.

Reporting by Mayank Bhardwaj; Editing by Malini Menon

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