Sugar sector controls to be removed shortly

new delhi: india will move soon to remove all controls on the sugar industry, president k r narayanan, outlining government policy in a new session of parliament, said on monday. india, sitting on an 11-million-tonne sugar stockpile, began easing controls on the industry last year to boost exports. "the sugar industry, which has already begun to benefit from delicensing, will also be fully decontrolled soon," naryanan said in an address to parliament on the opening day of the budget session. india has already reduced the sugar quota which mills are required to supply to the government at reduced rates to 15 per cent from 30 per cent. the government has also allowed futures trading in sugar. but prices of sugarcane continue to be set by both national and state governments.