Why India is considering sugar imports as prices hit record levels

India is considering a series of measures, including limited duty-free sugar imports and tighter stockholding limits for bulk traders, to boost domestic supplies and rein in record sugar prices, government and industry sources said on Tuesday, according to Reuters.The measures are being considered as sugar prices have surged ahead of the peak festival season, when demand for the sweetener typically rises sharply.“Since there has been a completely unwarranted increase in prices, we will have to take measures to check prices, and we are considering a whole host of measures and tools,” a government source told Reuters, requesting anonymity in line with official rules.Among the options under consideration are lowering stockholding limits, permitting limited sugar imports, reducing import duties and changing monthly sugar sales allocations for mills, the source said.Sugar prices jump nearly 20% in AugustWholesale sugar prices in Kolhapur, Maharashtra, one of India's key sugar trading centres, have climbed nearly…