ChiniMandi, New Delhi: In a notification issued on 31st day of August 2022, the food ministry has allocated 23.5 LMT monthly sugar quota for September 2022 to 503 sugar mills which is 1.5 LMT higher than the quantity allocated sugar quota in September 2021 (22 LMT). In the last month i.e. July the allocated sugar quota for domestic sale was 22 LMT.
Keeping in view the positive sentiments that have been witnessed since a month, marketmen expect the same to continue with the ongoing the beginning of Ganesh Chaturthi festival and upcoming festival Navratri in early October which is likely to keep the demand smooth.
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 August 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 August 2022.
The notional month-end stock for the month of August 2022, has been worked out on the basis of month end stock for July 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 August 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.
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