Govt limits sugar stock limit to 1,000 quintals ahead of festive season
The Centre will implement new stock limits for sugar dealers starting October 15 until November 30. The inventory cap has been set at 1,000 quintals with a 15-day holding period. This decision follows a notable decrease in ex-mill sugar prices and aims to control hoarding during the festive season. Kolkata and Assam have been given slightly higher stock limits due to distribution needs.
The Indian government has placed a new limit of 1,000 quintals on sugar stock for dealers ahead of the festive season, in order to curb hoarding and ensure lower sugar prices trickle down to consumers. This restriction will be in place from October 15 to November 30, according to the ministry of consumer affairs, food and public distribution.
The move comes as the new sugar season starts on October 1 and demand increases during the festive period. Ex-mill sugar prices have dropped by around 28% and retail prices have fallen by 15% from their August peak. The government has instructed wholesalers and retailers to immediately pass on the benefits of lower ex-mill prices to consumers.
Dealers are now limited to holding no more than 1,000 quintals at a time or retaining stocks for more than 15 days. The limits do not apply to Kolkata and its metropolitan areas, or to Assam, where a higher limit of 2,000 quintals has been set. The restriction aims to maintain a smooth flow of supply from sugar mills to consumers and prevent unnecessary stock accumulation.
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