Sugar millers nationwide have been striving hard to sell the allocated quota of sugar for March 2020 with lack of demand in the market. The current unprecedented situation due to the outbreak of the coronavirus pandemic has also impacted the supply chain. Sugar millers seek an extension for the quota allocated to them for March 2020 to ensure they can accomplish selling the sugar stocks.
In conversation with ChiniMandi News, Mr.Prakash Naiknavare – Managing Director – National Federation of Cooperative Sugar Factories (NFCSF) shared his views saying, “We at NFCSF have already written to the Department of Food and Public Distribution followed by a meeting with Joint Secretary(Sugar) requesting for an extension for the allocated quota of March 2020 and a reasonable quota for the month of April 2020. We have expressed our fear that the time pressure to sell allotted quota may result in undercutting. COVID -19 outburst is bound to reduce sugar consumption, specially in beverages & confectionery and ice-cream sector”
In a notification issued on the 28th day of February 2020, the food ministry has allocated 21 LMT monthly sugar quota for March to each of 545 mills in India. NFCSF has requested for announcement of lower sugar quota for the month of April 2020 notwithstanding with actual dispatches/sales attained in April 2019.
To Listen to this News click on the play button.