In an notification on June 28, 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.
The government has also cracked the whip on sugar mills for allegedly selling more quantity of the commodity. It has deducted the quota of around 106 sugar mills for July 2024.
