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New Delhi
First sugar buffer stock to be dismantled
Gargi Parsai
NEW DELHI: The government has decided to dismantle the first sugar buffer stock of 20 lakh tonnes and allowed sugar factories to sell the quantity in the domestic market. This “floating stock” would be in addition to the monthly quota releases and sugar factories can sell this stock in the domestic market, without obtaining any release order, before September, when the sugar season starts.
This has been done to increase the availability in the domestic market, as well as to prevent the prices from rising. The stock was created in May. At the same time, the government has decided to release 44 lakh tonnes of non-levy (free sale) sugar for the April-June quarter. For April, the quota released is 17 lakh tonnes. For May and June 27 lakh tonnes has been released.
In addition, a quantity of 1.87 lakh tonnes has been released under levy sugar for distribution in the Public Distribution System in April. Thus, the total sugar released in the month of April, is 18.87 lakh tonnes which would be sufficient to meet the internal demand.
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