In an announcement on March 27, the Food Ministry allocated a monthly sugar quota of 23.5 lakh metric tonnes (LMT) for April 2025, which is lower than the quota allocated for April 2024. Additionally, the government has extended the March quota until April 10.
In April 2024, the government had allocated a monthly sugar quota of 25 LMT for domestic sale. For March 2025, the allocation of sugar quota was 23 LMT.
According to market experts, the carryforward stock is expected to be around 1 lakh tonnes. There is likely to be strong demand in the market due to the summer season and expected spike in temperatures. Last year, in April, sugar consumption was 25.80 lakh tonnes. Considering this, market sentiments are expected to remain bullish.
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