Centre halves sugar stock limit for dealers to 2,000 quintals from Sept 15
The new limit will take effect from September 15 and remain in force until November 30, according to an order issued by the consumer affairs ministry on Tuesday
The central government has reduced the stockholding limit for sugar dealers to 2,000 quintals from 4,000 quintals, effective September 15. This stricter restriction aims to curb hoarding and speculative buying ahead of the festive season. The limit will remain in place until November 30. Dealers are also still prohibited from holding sugar for over 30 days from the date of receipt.
The government's decision to decrease the limit was made after verifying physical sugar stocks at mills, dealers, and traders, uncovering excess holdings, non-disclosure, and irregularities. Despite the easing of wholesale sugar prices following government interventions, the new limit seeks to prevent excessive accumulation and ensure continuous availability to consumers at reasonable prices.
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