Government fixes 22 LMT monthly sugar quota for domestic sale in February 2024

In an announcement on January 29, the food ministry has allocated 22 lakh tonnes (LMT) monthly sugar quota for February 2024 which is 1 LMT higher than the quantity allocated in February 2023 (21 LMT).

In the last month i.e. in January 2024 the allocated sugar quota for domestic sale was 23 LMT.

According to market experts, as the quota for the month of February has been set at 22 LMT, the domestic market will see an uptick of 10 to 20 Rs per quintal. In previous months, we have observed negative sentiments, which are likely to stabilize with an expected increase in price.


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