Sugar stock limit halved from Sept 15
The government has reduced the sugar dealer stock limit to two thousand quintals. This measure aims to ensure adequate availability and stable prices during the festive season. Hoarding and speculative trading will be further curbed by this new regulation. An exemption has been granted to Kolkata and its extended metropolitan areas. This reduction will facilitate orderly movement of sugar through…
The government has reduced the stock holding limit for sugar dealers to 2,000 quintals from September 15 to November 30, 2021, as part of efforts to maintain adequate availability and price stability during the festive season. This measure aims to curb hoarding, discourage speculative trading, and prevent excessive accumulation of sugar stocks, according to the consumer affairs, food, and public distribution ministry.
Previously, the stock limit for sugar dealers across the country was set at 4,000 quintals, effective from August 1, 2021. However, the government has granted an exemption to Kolkata and its extended metropolitan areas due to the region's specific market requirements. In these areas, the existing limit of 4,000 quintals has been retained.
The government expects the reduced stock limit to promote orderly movement of sugar through the supply chain, ensuring its continuous availability to consumers at reasonable prices. Ashok Jain, president of the Bombay Sugar Traders Association, stated that these measures will help prevent sugar prices from increasing.
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