Centre Releases 1.4 MT Sugar Quota Ahead Of Festive Season To Keep Prices In Check

Centre Releases 1.4 MT Sugar Quota.

Union government has released a quota of 1.4 million tonnes of sugar for domestic sales during the second half of October ahead of the festive season. The development comes as ex-mill sugar prices have risen sharply in recent days.

According to an order issued by the Department of Food and Public Distribution (DFPD), the government allocated 1.4 million tonnes to domestic sugar mills for October 13-31. An additional 200,000 tonnes has been allocated to sugar importers. Ex-mill sugar prices have risen by nearly Rs 1,000 per quintal over the past 10 days.

Centre allocated 2.65 million tonnes of sugar for September and 3 million tonnes for October.

As per DFPD order, Maharashtra, Uttar Pradesh and Karnataka together have received 1.159 million tonnes, accounting for about 83 per cent of the 1.4 million tonnes allocated to domestic sugar mills.

Maharashtra has been allocated 476,000 tonnes, followed by Uttar Pradesh at 451,000 tonnes and Karnataka at 232,000 tonnes.

As per the government order, of the 587 mills covered by the allocation, 134 have not received any quota, while 39 have been allocated up to 100 tonnes each.

Centre has also allocated 130,000 tonnes to Shree Renuka…

Original source: https://www.timesnownews.com/business-economy