ChiniMandi, New Delhi: In a notification issued on 30th day of September 2022, the food ministry has allocated 23.5 LMT monthly sugar quota for October 2022 to 496 mills which is 0.5 LMT lower than the quantity allocated sugar quota in October 2021 (24 LMT). In the last month i.e. in September 2022 the allocated sugar quota for domestic sale was 23.5 LMT.
According to a tweet by the Department of Food and Public Distribution,
“Keeping in view the demand in the festive season and to ensure stability in sugar prices, a monthly sales quota of 23.5 LMT for October 2022 has been announced.”
The group sugar producing companies having more than one sugar producing unit may maintain the stock as defined in Para (1) of this Order, either unit wise or for the group as a whole. The sugar-mill wise October 2022 been worked out on the basis of the following parameters:
The September 2022 stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of October 2022.
The notional month-end stock for the month of October 2022, has been worked out on the basis of month end stock for September 2022 (as reported on P-II) further adding the sugar lifted from sugar mills after 1st August, 2021 for export as per 4.3 Column of P-II (However, the benefit on account of export of sugar restricted to the MAEQ quantity allotted to the sugar mills during the last sugar season i.e. 2020-21) and subtracting actual release for October 2022.
Besides, incentive in lieu of sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar is being given corresponding to the ethanol production for July 2022.
Click here to view the Notification
