According to the order by the Department of Food and Public Distribution (DFPC) under the Ministry of Consumer Affairs, Food and Public Distribution, dated September 8, the government asked chiefs of sugar mills to compile and submit data detailing sugar stocks sold to entities such as traders, dealers, wholesalers, retail chains and processors, by September 12. A copy of the order was sent to industry bodies Indian Sugar Mills Association (ISMA), All India Sugar Traders Association (AISTA) and National Federation of Cooperative Sugar Factories (NFCSF). 

 

 

The government action—aimed at ensuring the right price and availability of sugar for the consumer—comes just ahead of the country’s festive season, which begins with Diwali in November this year. 

 

 

Sugar mills will be required to submit details such as the name, designation, address, mobile number, PAN, and GST number of the authorised person, along with the quantity of the sweetener sold to them each month from May through August, according to the order.

 

 

Sugar at six-year highs

Meanwhile, domestic sugar prices have soared to six-year highs over the past few weeks amid tightening supply caused by limited rainfall and delay in the onset of the crushing season. Analysts say concerns over India's sugar production estimates, and the prospect of negligible or nil exports from the country, have fuelled a rally in global sugar prices. 

 

Sugar stocks have registered sharp gains on Dalal Street amid the surge in the benchmark rates of the commodity.