Indian sugar mills association

Government releases 1.6 million tonne sugar for February

Date:	02 Feb 2012

Source:	The Financial Express

Reporter:	PTI

News ID:	907

Pdf:
Nlink:

The government today allocated 1.6 million tonne of sugar for sale in the open market and distribution through ration shops for the current month. Sugar allocated to meet the demand of this month is, however, lower than 1.7 million tonne released last month. Out of total quota released for February, the food ministry has earmarked 1.4 million tonne for sale in the open market (called non-levy sugar) and the remaining 212,000 tonne would be for ration shops (called levy sugar). “The government has decided to make available 16.12 lakh tonne of sugar (levy sugar 2,12,000 tonne and non-levy sugar 1.4 million tons) for the month of February, 2012,” an official statement said. This quantity of 1.6 million tonne is sufficient to meet the internal demand of sugar this month, it added. The ministry has directed sugar mills to sell the entire non-levy quantity released in the current month itself.Sugar mills contribute 10% of their contribution to the government for distribution through ration shops. The sector is controlled by the government, which decided every month the quantity of sugar to be released in the open market. Sugar production in India is expected to be 24.5 million tonne in the 2011-12 season, higher than the annual demand of 21.5 million tonnes.

News

Navigation