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News


Stockholding, turnover limit for sugar traders goes
Date: 20 Dec 2017
Source: The Business Line
Reporter: Cogencis
News ID: 27785
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The Central government on Tuesday lifted stock holding and turnover limits on sugar dealers as current production levels are comfortable, an official release said.

This would further smoothen the supply chain for easy availability of sugar in all regions, it said.

The government estimated sugar production during the current crushing season would be 24.9 million tonnes (mt) and projected consumption to be 25 million tonnes.

With the carryover stock, the total availability of sugar is sufficient to meet the estimated domestic requirement.

As such, there will be smooth availability of sugar and the prices in the domestic market are expected to remain stable at reasonable levels, the release said.

 
  

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