ChiniMandi, New Delhi: In a notification issued on 29th day of March 2023, the food ministry has allocated 22 LMT monthly sugar quota for April 2023 to 525 sugar mills which is the same quantity allocated sugar quota in April 2022 and 2021.
According to market reports the demand may pick up owing to summer demand and also there has been some optimism about sugar prices taking a hike of Rs.60 to 80/Quintal due to tighter supplies.
The group sugar producing companies having more than one sugar producing units may maintain the stock as defined in Para (1) of this Order, either unit-wise or for the group as a whole.
The April 2023 stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of March 2023.
The notional month-end stock for the month of March 2023, has been worked out on the basis of month end stock for February 2023 (as reported on P-II) further adding the sugar lifted from sugar mills after 1st November 2022 for export as per 4.3 Column of P-II and subtracting actual release for February 2023.
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 February 2023.
To view the Notification, click here.
