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Jan
18

Centre releases sugar quota for January 2022

The Ministry of Consumer Affairs, Food and Public Distribution, through its notification issued on December 30, 2021, has allocated 21.5 lakh tonnes monthly sugar quota for January 2022 to 559 sugar mills. The quota is 1.5 lakh tonnes higher than the quota allocated in January 2021. Furthermore, an extension of 30 days to sell the stocks of December 2021 has also been announced. In the previous month the Govt. fixed 21.5 LMT monthly sugar quota for domestic sale in Dec’ 2021. Sugar mills will now get more time to sell the unsold December sale quota of the commodity. The notification said the time period for December sale was being extended as mills/traders were facing the logistics issues to lift the quota allocated for the month of December 2021. The Ministry had allocated 21.5 lakh tonnes of monthly sale sugar quota for December 2021 to 558 sugar mills. Prakash P Naiknavare, Managing Director, National Federation of Co-operative Sugar Factories Ltd, was reportedly said the extension of sale period will ease the pressure on the mills to sell. Lesser the pressure, better for the mills as they can plan their sales spread over till January end. Meanwhile, sugar production in the ongoing 2021-22 season has been on the higher side till December 15 on early start to the crushing season in the western part of the country. According to the Indian Sugar Mills Association, sugar production till December 15, 2021 stood higher at 77.91 lakh tonnes up by around 4.57 lakh tonnes from same period last year.