Govt Cuts Sugar Stock Holding Limit To 2,000 Quintals For Dealers, New Cap To Apply During September 15-November 30 Festive Period
New Delhi: In a bid to ensure adequate availability of sugar in the domestic market and to prevent hoarding and speculative trading of the essential commodity in the festive season, the government on Tuesday announced to reduce the stock holding limit for sugar dealers from 4,000 quintals to 2,000 quintals, effective from September 15 till November 30, 2026. Currently, a stock holding limit of…
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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- Centre halves sugar stock limit for dealers to 2,000 quintals from Sept 15 hindustantimes.com
