Indian govt halves stock limit for traders to 100 tonne
The order will come into force from October 15 and will be valid till November 30
The Indian government has reduced the maximum stock holding limit for sugar traders to 100 tonnes, down from 200 tonnes. This change, effective from October 15, applies to all traders except those in Kolkata and its surrounding areas, as well as traders in Assam. Previously, traders in Kolkata and the adjoining regions were allowed to hold up to 400 tonnes.
The government's move aims to ensure the timely supply of sugar to consumers during the festive season, as the new sugar season commences on October 1. By limiting the quantity and storage period of sugar, the government seeks to facilitate the smooth flow of sugar through the supply chain and prevent unnecessary accumulation. The government also requested traders to liquidate surplus stock within the next 15 days.
This adjustment comes after a tightening of the stock limit by 200 tonnes in July, with Kolkata and its adjoining areas initially exempted. The latest order takes into account geographical and transportation factors in Assam, where the stock limit remains at 200 tonnes, down from 400 tonnes.
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