Sugar prices jump 20% to hit record levels amid govt's ethanol push: Report

Sugar prices have surged around 20%, hitting record highs across India ahead of the festive season. Diversion of sugarcane for ethanol production amid the government's E20 push is among the factors behind the rise, India Today reported. The government has tightened sugar stockholding limits, ordering dealers using over 10 MT monthly to hold inventories for no more than 15 days.