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Indian Government Releases 70.00 Lac Tons Sugar for Open Market

30 November 2012

INDIA - The Central Government has decided to allow 70.00 lac tons of non-levy sugar for open market sale, for the months of December 2012 to March 2013.

The details are given below:

Sl. No. Particulars Quantity in lac tons
1. Normal quota 66.00
2. Levy Conversion Quota 2.00
3. Extended quota from October 2012 - November 2012 period, expected to remain unsold by 30 November, 2012 2.00
  TOTAL 70.00

The sale and delivery/dispatch period for the levy converted stock, and the sugar stocks of 2011-12 and 2012-13 production season would be from 1 December 2012 up to 31 March 2013, without any inter-month restrictions. The extended period for the sale and delivery/dispatch of the unsold quantities from October–November 2012 releases would be upto 10th December, 2012.

The major quantity out of normal quota, 62.00 lac MT, would be immediately prorated and released among the 502 sugar mills, which have reported online figures regarding production/dispatches/stocks, upto 23 November 2012.

The balance quantity of 4.00 lac MT would be prorated and released around 20 January 2013 to meet requirements of the sugar mills which have not registered online or have failed to submit online production returns as on 31 October 2012, are new sugar mills or previously closed mills expecting to start production.

The basis of non-levy quota allocation among sugar mills would be the available non-levy stocks as on 30 November 2012 and the expected production, each sugar producing state during the period upto March 2013 of the current sugar season.

Furthermore, the government will soon be releasing the due levy sugar quota for meeting requirements of Public Distribution System for the period upto March 2013.

TheCropSite News Desk

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