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20-Dec2017

Govt withdraws stock holding limits on sugar dealers with immediate effect

The government has withdrawn stock holding and turnover limits on sugar dealers with immediate effect. This step has been taken as the demand-supply situation is likely to be comfortable with the estimated rise in production.

The food ministry said that with the carry over stock the total availability of sugar is sufficient to meet the estimated domestic demand. The ministry added that the prices are also expected to remain stable at reasonable level.

Sugar production of India, the world's second largest producer, is estimated to increase at 249 lakh tonnes in the 2017-18 marketing year (October-September) from 203 lakh tonnes in the previous year.



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