In a notification issued on 30th day of May 2023, the food ministry has allocated 23.50 LMT monthly sugar quota for June 2023 to 560 sugar mills which is 2.50 LMT higher than the quantity allocated in June 2022.
Market experts anticipate a stable market ahead, as the government has released more 2.50 LMT of sugar compared to the quota of June 2022. They stressed that this move reflects government is keen to keep prices under control, leaving minimal space for price rise.
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.
Monthly domestic sugar quota for June 2023 : 23.5 LMT. pic.twitter.com/pfaxIYQQhh
— Department of Food & Public Distribution (@fooddeptgoi) May 30, 2023
The sugar-mill wise Maximum quantity of white/refined sugar for domestic sale and dispatch during the month of June, 2023 as given in column (7) of the table, has been worked out on the basis of following parameters:-
The June, 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 May, 2023.
The notional month-end stock for the month of May, 2023 has been worked out on the basis of month end stock for April, 2023 (as reported in P-II), further adding the sugar lifted from sugar mills since 1st November, 2022 for export as per 4.3 Column of P-II and subtracting actual release for April, 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 reported ethanol production for April, 2023.
Click here to view the Notification
