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Sugar prices stable in Oct: Govt

Source : IBNS
Last Updated: Tue, Dec 04, 2012 14:37 hrs

New Delhi, Dec 4 (IBNS) The average All India Retail Price of sugar in the domestic market during October were stable and are in the range of Rs. 39 to 40 per Kg.

This information was given by Minister of State (IC) for Consumer Affairs, Food & Public Distribution K.V.Thomas in a written reply in the Lok Sabha on Tuesday.

"Sugar Production in the current sugar season 2012-13 is estimated to be sufficient to meet the estimated consumption requirement. As such, no announcement of export of sugar during current year (Oct., 2012-Sept., 2013) has been made so far," said Thomas.



The government during the months of July to September has taken following measures to control price of sugar in domestic market:

(i) The unsold non-levy quota of about 2 lac tonnes from April to June quarter was allowed for sale in the open market upto 14.08.2012 on 13.07.2012;

(ii) Sugar mills have been directed to sell at least 70% of July-September quota by August, 2012 vide order dated 24.07.2012;

(iii) Additional quota of 2.66 lac tonnes has been released on 27th July, 2012 to be sold off by 31stAugust, 2012;

(iv) Another additional quota of 4 lac tonnes has been released on 7th August, 2012 to be sold off by 31stAugust, 2012; and

(v)Higher non levy quota of 40 lac tonnes for the months of Oct., 12 and Nov., 12 has been released in the open market on 28.09.2012.

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