The government may not need to extend curbs on stockpiling of the commodity by traders beyond November as production in 2011-2012 will exceed demand, food minister K V Thomas said. The government is making efforts to reconcile different estimates on the nations 2011-2012 sugar output, he said.
Gold rises R275, silver up R1,500
Both gold and silver rebounded in the New Delhi on Tuesday on emergence of buying at prevailing lower levels by stockists and jewellery makers, supported by a rebound in global markets. While gold surged by R275 to R 27,015 per 10 gm, silver gained R1,500 to R55,000 per kg.