Govt. fixes 21.5 LMT monthly sugar quota for domestic sale in December 2021

571

ChiniMandi, New Delhi: In a notification issued on 30th day of November 2021, the food ministry has allocated 21.5 LMT monthly sugar quota for December 2021 to 558 sugar mills which is equal to the quota allocated in December 2020. In the previous month the Govt. fixed 22.5 LMT monthly sugar quota for domestic sale in November 2021 with extension for unsold quota of Oct’21

According to marketmen, there has been a downward trend in sugar prices for some weeks, however the allocated amount will not further make prices go down. The market may witness a mixed trend 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 December 2021 has been worked out on the basis of the following parameters. The December 2021 stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of November 2021.The notional month-end stock for the month of November 2021, has been worked out on the basis of month end stock for October 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 November 2021.

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 October 2021.

Click here to view the Notification – Monthly Release Order – December 2021

LEAVE A REPLY

Please enter your comment!
Please enter your name here