In an announcement on June 26, the food ministry allocated a monthly sugar quota of 24 lakh metric tonnes (LMT) for July 2024, which is similar to quantity allocated in July 2023 (24 LMT). It will be applicable from July 1, 2024.
In June 2024, the allocated sugar quota for domestic sale was 25.50 LMT.
According to market experts, following the quota announcement, the domestic market can witness price rise of Rs. 15 to 20 per quintal.
