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India's flawed sugar trade policies leave bitter taste

New Delhi should drop damaging interventionism and rely on global markets

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A farmer works in his sugarcane field on the outskirts of Ahmedabad, India.   © Reuters

Just seven months after it stopped trying to use export subsidies to clear a glut of domestically produced sugar, India is employing a hefty export tax, along with retail price controls and stock limits on mills and traders, to deal with soaring prices caused by a shortage.

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