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Sugar stock scrutiny on the rise as prices hit record high
The government is increasing scrutiny of sugar stocks due to surging prices. Large industrial buyers are now providing consumption data to the food ministry. Sugar mills must now detail sales of 500 metric tonnes or more annually. Physical stock checks are being conducted at mills across various states. This action follows observations of discrepancies in reported sugar stock data.
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thehindubusinessline.com
Indian govt should disclose sugar stock after physical verification, says Naiknavare of NFCSF
Indian government urged to disclose sugar stock post-verification to address market concerns and rising prices, says NFCSF chief Naiknavare.
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Indian govt says buyers must lift sugar within 7 days, seeks bulk sales data by Aug 20
Indian government mandates sugar mills to lift stocks within 7 days and report bulk sales data by August 20 to curb price surges.
