In a notification issued on August 22, 2023, the government has released an additional 2 LMT sugar quota for August 2023 to mills in India. Now with an additional quota, the total quota for August 2023 is 25.50 LMT.
Check the allocation list of additional sugar quota state wise:
As per the notification, all sugar mills have to register and fill online P-II on National Single Window System (NSWS) portal (https://www.nsws.gov.in). If the sugar mill does not fill online information on NSWS portal, monthly release quota will not be allocated for the month of September, 2023 to such sugar mills. All the sugar mills/distilleries are informed that information relating to ethanol production from B-Heavy, Sugar Syrup, Sugarcane Juice shall also be filled on NSWS portal itself.
Since no sugar mill has communicated surrender of quota for August, 2023, it may be ensured by all mills that the quota mentioned must be sold by 31st, August 2023. Further, there will not be any extension of this month’s quota including additional allotment and this has to be sold in the current month itself i.e. August 2023. No extension will be given for this quota. Any violation of this order would attract the penal provisions under the Essential Commodities Act, 1955, as amended from time to time.
According to market experts, the government has released an additional sugar quota to ensure stable prices during the festive season. This strategic move is likely to keep sugar prices under control, with an expected reduction ranging from ₹30 to 50 per qntl. Furthermore, sugar prices have crossed ₹3610 per quintal for S Grade and ₹3675 to 3700 for M Grade in Maharashtra, prompting the government to release additional sugar into the market.
Click here to read the notification
