date:May 25, 2016
Saturday.
Stockpile Limits
Prime Minister Narendra Modis government has already sprung into action to rein in prices and ensure the market is well supplied. The Food Ministry last week withdrew a production subsidy that was paid directly to the farmers who supplied cane to mills that export sugar and produce ethanol. It also imposed limits on the amount of sugar traders can stockpile to prevent hoarding.
India, the worlds largest producer after Brazil, is seen shipping 2.9 million tons in 201