Sugar may soon become cheaper in the country. The central government has announced to reduce the stock limit for sugar dealers to prevent hoarding and control prices before festivals. According to the new order of the Food Ministry, from September 15, sugar traders and dealers will be able to keep a maximum stock of only 2,000 quintals. This new rule will remain in force across the country till 30 November 2026. Traders will not be able to keep sugar for more than 30 days. According to the new rules, dealers will no longer be allowed to keep sugar for more than 30 days from the date of receipt of the stock. Apart from this, they will not be able to keep more than 2000 quintals of sugar at a time at any place in the country. The main objective of the government is to curb hoarding and speculation, so that the supply in the market remains smooth and sugar is available to the common consumers at the right price. Exemption given to Kolkata and North-Eastern states: The old stock limit of 4000 quintals will continue for Kolkata. Actually, sugar comes to Kolkata from UP and Maharashtra and from here it is supplied to the entire Northeast India including West Bengal. Relief has been given to these areas so that there is no disruption in the supply chain. A limit of 4,000 quintals was implemented on August 1. Earlier, the government had imposed a stock limit of 4000 quintals for sugar dealers across the country from August 1. But after complaints of wrong stock being deposited in the market, the government has reduced it to half. The government is carrying out strict monitoring and physical verification of the warehouses of sugar mills, dealers and traders, where many irregularities and undeclared stocks have been detected. Sugar becomes cheaper by 20%, prices will decrease in retail also. Due to strict action of the government and improvement in supply in the market, wholesale (ex-mill) prices of sugar have decreased by about 20%. Due to this, the prices of sugar have started decreasing in the retail market also. In the coming days, the general public will get cheap sugar. ————— Also read… Oracle will lay off 10 thousand employees: Decision due to increasing expenditure on AI and cloud; Tech company Oracle may announce on September 15 that it will lay off about 10 thousand of its employees worldwide. Employees working in India may also be affected by this. The company is taking this step to balance the increasing expenditure on cloud and AI infrastructure and reduce its costs. Read the full news…
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Dealers will be able to keep 2000 quintals of sugar from September 15: Stock will not be kept for more than 30 days, government’s decision to stop hoarding and reduce prices.
