On Tuesday, Agriculture minister Sharad Pawar said that soon the government will be preparing a blueprint for tightly and properly regulating the sugar sector.

This, he said, will be available within next 10 days and would be put before the cabinet in 3 months time for their consideration.

In India, it is the government that controls the price through various checks and balances. One of this is the MSP which is decided in combination with the state and the central governments. As much as 20 per cent is sold by the big mills to various welfare schemes and it is the government that decides how much of the sugar will be sold in the open market.

There is also a holding stock which is decided by the government, thus making the sector fully regulated.

Meanwhile, talking to media. Pawar said that India is one of the largest producer of sugar and is the biggest consumer. Because of this, such high regulations are required. He also said that looking at the current situation; sugar production is going to be robust.

Production will definitely rise, he said.