ChiniMandi, New Delhi: In a notification issued on 28th day of February 2022, the food ministry has allocated 21.5 LMT monthly sugar quota for March 2022 to 566 sugar mills which is 1.5 LMT higher than the quota allocated in February 2022.
According to an industry expert, the quota is just 0.5 LMT higher than that allocated in the previous year, however looking at the early dawn of summer, the demand is likely to pick up. Marketmen are optimistic about sugar prices taking a hike of Rs.60 to 80/Quintal.
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 March 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 February 2022.
The notional month-end stock for the month of February 2022, has been worked out on the basis of month end stock for January 2022 (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. (However, the benefit on account of export of sugar restricted to the MAEQ quantity allotted to the sugar mills during the last sugar season i.e. 2020-21) and subtracting actual release for February 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 January 2022.
Click here to view – Notification – Monthly Release Order, March 2022