The Government has introduced a fortnightly sugar allocation system to ensure timely availability of sugar and prevent artificial shortages.
The Government has assured adequate sugar supply in the country, with necessary measures being taken to maintain availability at reasonable prices. The Consumer Affairs Ministry reported a decline of around 20% in ex-mill sugar prices and a decrease in retail prices as well.
The Ministry has implemented proactive measures to ensure sugar's timely availability and prevent artificial tightening of supplies in the domestic market. The Government has been closely monitoring sugar prices, stocks, and movement across the country.
From next month, a fortnightly sugar allocation system will replace the existing monthly quota system. Under this new system, sugar mills are required to sell at least 40% of their allocation in the first week, with the remaining quantity sold in the following week.
Sugarcane crushing for the new season is set to commence from 15th October, and it's expected that more than 10 lakh tonnes of sugar will be produced during the month. The Government has also allowed sugar mills to sell sugar produced during October without restriction, ensuring early availability in the domestic market.
Sugar production is anticipated to reach around 45 Lakh tonnes in November, providing substantial additional supplies for domestic consumption.
Source:
Akashvani News
