Govt sets sugar sales quota for Sep at 2.35 mln tn, down 6% on year
This story was originally published at 15:38 IST on 28 August 2024
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--Govt sets Sep sugar sales quota at 2.35 mln tn vs 2.20 mln tn Aug
--Govt sets Sep sugar sales quota at 2.35 mln tn vs 2.50 mln last yr
MUMBAI – The Centre has set the domestic sugar sales quota for September at 2.35 mln tn, the food and public distribution department said today in a post on social media platform X. The quota for September is up 6.8% on month and down 6% on year. In September 2023, the quota was set at 2.5 mln tn.
The government fixes the maximum quantity of sugar available for sale every month to support prices and help mills clear the arrears of sugarcane farmers.
On Aug 22, the Department of Food and Public Distribution had issued a draft Sugar (Control) Order 2024, merging the Sugar (Control) Order, 1966 and Sugar Price (Control) Order, 2018. The draft proposed amending the regulations regarding production, sales, storage, and pricing of sugar and other sugarcane by-products. The draft proposes to replace the existing Sugar (Control) Order, 1966.
Under the Sugar (Control) Order, 1966 and Essential Commodities Act, 1955, the government can impose stock holding limits to prevent market distortions and ensure availability of the sweetener in the country at affordable prices. Against non-compliant mills, the government can take a slew of measures, including deducting sales quotas or denying quotas altogether.
The deducted quotas of non-compliant mills will be distributed amongst the other compliant mills while issuing the monthly stock holding orders, it added.
The draft amendment calls for increased compliance in data disclosure. The government has also issued stricter quality standards to improve accountability. The government has been pushing sugar mills to digitise their operations and bring transparency in the sector.
The industry will have detailed discussions on each clause and submit a "common single memorandum from the industry" to the government. The draft amendment has 15 clauses and the last date to submit comments and suggestions is Sep 23.
Apart from sugar, the draft proposal has extended regulations to other by-products like molasses-based ethanol, compressed biogas, and press-mud, a waste product of the sugar industry that is also known as filter cake or press cake. End
Reported by Taniva Singha Roy
Edited by Ashish Shirke
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