November's free sale sugar quota reduced by 3.50 lakh tons from October

02-Nov-2024 11:35 AM

New Delhi. With the main festive season coming to an end, the government has drastically reduced the free sale quota of sugar for sale in the domestic market by 3.50 lakh tons so that the mills do not face much pressure of selling stock and the price of sugar also remains at a reasonable level.

Recently, the Union Food Ministry declared a free sale quota of 22 lakh tons of sugar for November, while the quota for October was fixed at 25.50 lakh tons.

The interesting fact is that compared to October, the free sale quota of sugar has been reduced for November in the three top producing states - Maharashtra, Uttar Pradesh and Karnataka.

Apart from this, the free sale quota of sugar has also been reduced in Andhra Pradesh, Bihar, Gujarat, Haryana, Madhya Pradesh and Uttarakhand.

The quota in Punjab has been kept almost the same, while in Tamil Nadu it has been increased by about 8 thousand tons. There has been a slight increase or decrease in other states.

Generally, the main festival season in India is considered to be over after Diwali and Chhath and hence the demand and consumption of sugar comes to normal levels.

From November, new jaggery also starts coming in the market rapidly, which reduces the pressure on sugar. In view of this, the free sale quota of 22 lakh tonnes of sugar for November seems to be balanced to a great extent and hence there is less possibility of heavy fluctuations in its market price.

Winter season also starts from November, due to which the industrial demand of sugar for the manufacture of ice cream and cold drinks etc.

starts decreasing. In the coming days, there will not be a huge fall in the price of sugar, but it also seems difficult to create an atmosphere of strong growth. The market can remain stable to a great extent within a certain range.