Govt raises Sugar sale quota to 24.5 lakh tonne for March

Govt raises Sugar sale quota to 24.5 lakh tonne for March

by admin- Wednesday, March 6th, 2019 08:50:01 PM

The Union Food Ministry has increased the sugar sale quota for March to 24.Five lakh tonne for home income and dispatches to help millers earn extra and clear cane arrears.

The quota turned into 23.54 lakh tonne in February.

The authorities has allotted sugar quota on the market to each of the 524 generators within the country.

Mills are allowed to promote sugar at a minimal promoting charge of Rs 31 in step with kg. The fee become multiplied currently from Rs 29 in step with kg to help generators realize maximum revenue and clean cane rate arrears of farmers, it said.

Recently, generators have been additionally counseled to go for boost reserving of sugar sales to bulk clients.

The authorities has been fixing sugar quota for mills for the reason that June 2018 and implementing the Sugar Price (Control) Order 2018 so one can control surplus production in the u . S . A . And to stabilise sugar costs so that it will clear cane charge arrears of farmers.

Sugarcane arrears to farmers have crossed Rs 20,000 crore in the present day marketing year 2018-19 (October-September).

Sugar production is pegged at 307 lakh tonne in 2018-19 marketing yr, decrease than the record 325 lakh tonne inside the previous year, however higher than the home requirement of 260 lakh tonne.

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