Centre is mulling to double the levy quota for sugar to 20%. Simultaneously it could hike the price of levy sugar from Rs.13 to Rs 20. A crucial meeting was held between food Minister Sharad Pawar and the industry which increased the pressure on Government to allow a free float in the price of open market sugar. In a sharp reaction on Monday Spot sugar prices shot up more than 2% supported by lower supplies and festive demand.
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