3 hrs ago
Centre Tightens Sugar Dealer Stock Limits Before Festive Season
The government has created new rules for businesses that sell sugar.
These businesses can keep up to 1,000 quintals of sugar in most parts of the country.
They must sell or move the sugar within 15 days of receiving it.
The rules begin on October 15.
They will continue until November 30.
The government wants to stop businesses from storing too much sugar.
It also wants shoppers to benefit more from lower prices at sugar mills.
The rules are being introduced before the festive season.
The Centre has imposed tighter inventory limits on sugar dealers ahead of the festive season.
Dealers in most parts of the country may hold a maximum of 1,000 quintals of sugar.
Sugar cannot be retained for more than 15 days after dealers receive it.
The revised restrictions will take effect on October 15 and remain until November 30.
The government says the rules aim to prevent stockpiling and help lower mill-level prices reach retail markets.
- Who
- The Centre and sugar dealers in most parts of the country.
- What
- New limits allow dealers to hold up to 1,000 quintals of sugar for no more than 15 days after receipt.
- Where
- Across most parts of the country.
- When
- The rules take effect on October 15 and remain in force until November 30.
- Why
- To prevent stockpiling and ensure lower mill-level sugar prices are reflected more fully in retail markets.
Key facts
- Maximum stock
- 1,000 quintals per dealer in most parts of the country
- Holding period
- No more than 15 days from the date sugar is received
- Effective date
- October 15
- End date
- November 30
- Issuing authority
- Ministry of Consumer Affairs, Food and Public Distribution
- Stated purpose
- Prevent stockpiling and improve the transmission of lower mill-level prices to retail markets
Sources
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