ChiniMandi, New Delhi: In a notification issued on 31st day of January 2023, the food ministry has allocated 21 LMT monthly sugar quota for February 2023 to 554 sugar mills which is higher than 1 LMT in comparison to the quota allocated in February 2022.
According to marketmen, the market should remain steady given a quite-well balanced quantity quota considering it to be for February month.
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 2023 been worked out on the basis of the following parameters.
The February 2023 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 2023
The notional month-end stock for the month of January 2023, has been worked out on the basis of month end stock for December 2022 (as reported on P-II) further adding the sugar lifted from sugar mills after 1st November 2022 for export as per 4.3 Column of P-II and subtracting actual release for January 2023.
Besides, incentive in lieu of sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar has been given corresponding to the ethanol production for August 2021. 100% incentive on sugar sacrificed for producing ethanol from B-heavy molasses/ sugarcane juice/sugar syrup/sugar has been given.
Click here to view the Notification – Monthly Release Order – February 2023