Indian sugar mills association

Sugar Stock Holding Limit To B

Date:	20 Jun 2011

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News ID:	573

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Sugar stock holding limit to be eased Sanjeeb Mukherjee / New Delhi June 20, 2011, 0:12 IST The food and consumer affairs ministry plans to ease stock holding limit on sugar and paddy for traders to improve supplies and clear pipelines stocks. In March, an empowered group of ministers had relaxed the limit on sugar to 500 tonnes per month from the earlier limit of 200 tonnes. Click here to visit SME Buzz Also Read Related Stories News Now - Agri ministry for 3-5 mt rice exports - EGoM on fuel price to meet soon - GoM on coal to now meet on June 9 - GoM on coal to meet on June 16 to address green hurdles - EGoM on natural gas allocation on June 9 - GoM clause to cost Cairn over $908 mn This was done as sugar production in the 2010-11 crop marketing season rose to almost 24.5 to 25 million tonnes (mt), while consumption was estimated to be around 22 mt. However, with production in the coming crop season, which starts from October, expected to be even more than this year, the food ministry is considering further easing the stock holding limit. It could even remove it altogether, officials said. They said the stock holding limit on paddy (de-husked rice), which was imposed in 2009 and thereafter extended for two years, could also come to an end, as rice production in the 2011-12 crop year that starts from July is projected to be almost 102 mt, up from 94.11 mt this year. In case of rice, states have been empowered to impose stock holding limits and it is upon them to determine the quantity which a trader can hold. “The matter will be soon referred to an empowered group of ministers and has also been discussed with agriculture ministry officials,” a senior official from the food ministry said.

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