3,300 per quintal till Monday came down to the range of Rs.2,850 and Rs.2,950 and is likely to fall further,' Anupam Agarwal, a spokesperson of the Madhya Pradesh Wholesale Traders Association, told IANS.

'The association has decided to sell sugar to retailers at a fixed price. But we don't have any control over retail prices,' he added.

On Tuesday, 1,328 tonnes of sugar worth Rs.4.5 crore were seized from Cadbury India's plant in Malanpur in Bhind district. Officials said the company had not sought any permission to stock the commodity.

Food and Civil Supplies Commissioner Ajit Kesri said nearly 1,500 tonnes of sugar stock was seized Tuesday.

'Those found violating the Essential Commodities Act have been booked under section 3/7 of the Act,' he said.

The government issued a sugar control order July 25, making it compulsory for traders to seek licenses that will be valid till Dec 31.

In a town with a population of less than 100,000, no trader is allowed to stock more than 20 quintals and in bigger towns, the upper limit is 2,000 quintals.