Govt warns speculators

Reacting to the sugar price rise, the government warned of strict action against sugar mills and traders if the stock didn8217;t reach the market bringing prices down and said it would even consider importing white sugar. Warning that the government would come down heavily on 8216;8216;speculators and defaulters8217;8217;, Food and Civil and Public Distribution Minister Sharad Pawar said, 8216;8216;The government is watching the unusual sugar price rise in the country, there is no need for it.8217;8217; He added that there is no sugar shortage in the country. 8216;8216;There is a speculation that sugar mills after giving the release order, they delay8230;all this the government is taking serious note of,8217;8217; he said at a press meet.