Quota Cut By 2.5 Lakh MT, Govt. Fixes 19.48 LMT Monthly Sugar Quota For Sale In December 2018

2322

In a notification issued on 30th day of November 2018, the food ministry has allocated sugar quota for sale to each of 534 mills in the country.

The Govt. has also announced that the Maximum quantity of white/refined sugar for domestic sale and dispatch during the month of December 2018 as given in the column 4 of the table above has been made taking into account the Stocks as on 31st Oct. 2018 as well as the estimated production of sugar in the month of November, 2018 as submitted by sugar mills through email as well as through their letters. However, the said maximum sales quantity will subject to actual production achieved by the said sugar mills in the month of November 2018 and adjustment in subsequent orders accordingly.
Also, the millers which have not filed P-II return for the month of October, 2018, the maximum quantity of white/refined sugar for domestic sale and dispatch during month of December, 2018 is treated zero and it will be continued to be treated as zero in the following months till they file P-II return.

Besides, during the month of December, 2018 sugar mills having distilleries with ethanol production capacity which divert B – heavy molasses to produce ethanol and thereby sacrifice sugar, shall be eligible to sell additional quantity of sugar in addition to the quantity of white/refined sugar prescribed for domestic sale/dispatch as indicated in column 4 of the table. The additional quantity of sugar in lieu of production of ethanol from B-Heavy Molasses produced during the month of November, 2018, shall be calculated as per the provisions contained in this regard in Sugarcane (Control) Order, 1966. The quantity of such diversion of sugar should be indicated in the P-II return for the month of December 2018.
As indicated in the stock holding limit order No. 5-1/2018 Sugar Control dated 31st October 2018, the sugar mills are required to export quantity of Minimum Indicative Export Quota (MIEQ) allocated to them for export during Sugar Season 2018-19. For this purpose sugar mills are required to set their quarterly targets and intimate the same to DFPD. Further, if any sugar mill fails to intimate their quarterly exports target before the end of any quarter, the quarterly export quota will be deemed quarterly export quota target, as the case may be, shall be monitored by DFPD based on actual export reported by the sugar mill through P-II return. In case, a sugar mill fails to achieve its quarterly sugar export target or deemed export target, the equivalent quantity of un-exported sugar during the said quarter shall be deducted in three instalments from the quantity of sugar to be allocated to them in Column 4 of table of monthly stock holding limit order for each month in the subsequent quarter.

In the previous month the Govt. allocated quota to 513 mills in the country to sell 22 lakh MT plus sugar mills having distilleries with ethanol production capacity which divert B-heavy molasses to produce ethanol and thereby sacrifice sugar, were eligible to sell additional quantity of sugar in addition to the quantity of white/refined sugar prescribed for domestic sale/dispatch.

With lower quota by 2.52 LMT compare to last month, the supply in the market will reduce by 11% due to which sentiments are getting positive and prices are getting firm.

SOURCEChiniMandi

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here