India, Aug. 28 -- The Government of India has issued a release:
The Government has taken a series of proactive measures to ensure adequate availability of sugar and prevent artificial tightening of supplies in the domestic market. Ex-mill sugar prices have declined by around 20% in recent days, while retail sugar prices have also started coming down. Given the normal transmission of changes through the supply chain, retail prices are expected to follow the downward movement in ex-mill prices shortly.
The Government has been closely monitoring sugar prices, stocks and movement across the country and has taken a series of proactive measures to ensure that the benefit of adequate availability reaches consumers. The downward trend in ex-mill ...