ChiniMandi, New Delhi: In a notification issued on 31st day of January 2022, the food ministry has allocated 20 LMT monthly sugar quota for February 2022 to 563 sugar mills which is 3 LMT higher than the quota allocated in February 2021.
According to an industry expert, the quota is higher than that allocated in the previous year, however the quantity is in line with the average of actual sales/ dispatches of previous months of February. The industry is optimistic about more export deals to take place and hence prices are likely to remain stable or firm up in the coming days.
The group sugar producing companies having more than one sugar producing unit may maintain the stock as defined in Para (1) of this Order, either unit wise or for the group as a whole. The sugar-mill wise February 2022 been worked out on the basis of the following parameters
The February 2022 stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of January 2022.
The notional month-end stock for the month of January 2022, has been worked out on the basis of month end stock for December 2021 (as reported on P-II) further adding the sugar lifted from sugar mills after 1st August, 2021 for export as per 4.3 Column of P-II and subtracting October, 2021 for January 2022.
Besides, incentive in lieu of sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar is being given corresponding to the ethanol production for December 2021.