Govt imposes sugar stock holding limits NEW DELHI: Government on Tuesday issued an order capping the stock of sugar at 400 tonne with any dealer at any point of time till November 30 and traders have been directed to liquidate excess stock by August 1.The directive, which will come into force from August 1, also says that the dealers need to sell the sweetener within 30 days from the date of receipt. Food ministry, which invoked the Essential Commodities Act to issue a gazette notification imposing restriction, said this is being done to prevent hoarding, protect consumer interests, maintain price stability and ensure a transparent and efficient sugar supply chain.”Government has observed that the recent increase in ex-mill prices of sugar is not supported by the prevailing demand-supply fundamentals…hoarding by certain traders, dealers and market intermediaries, along with speculative transactions and paper trade without the actual physical movement of sugar from mills, has contributed to creating an artificial perception of scarcity..” the ministry said.To keep prices under check amid a forecast of a deficit monsoon, the Centre has banned sugar exports.The order would not apply to sugar stocks held on govt account, or by dealers nominated by the state government.Get the latest India News and Live updates. Download the TOI app.End of ArticleFollow Us On Social MediaVideos’Most Filthy Type Of Man’: Rahul, Priyanka Gandhi Attack Pralhad Joshi; Massive Ruckus In ParlWhy Delhi-NCR Flooded Again As Four Weather Systems Combined With Years Of Planning Failures’Students Want Justice, Not Charity’: Priyanka Gandhi’s Explosive Speech On Paper Leaks Rocks LSMizoram Minister Opens Up On Drug Menace, Myanmar Border, Disaster Readiness & Ties With Centre”You Removed One Pradhan To Save The PM”: Paper Leak Bill Triggers Massive Showdown In ParliamentPolice Diary Reportedly Reveals RAF Fired Anti-Riot Guns During Jantar Mantar Protest | WatchOnce A Fierce BJP Critic, Ex-TMC MP Saayoni Ghosh To Defend Centre’s Anti-paper Leak Bill | WatchModi Govt Tables Anti-Paper Leak Bill In Lok Sabha: Up To 10 Years Jail, ₹10 Cr Fine & MoreSupreme Court Backs Independent Probe Into Alleged Police Excesses During NEET Protests NationwidePM Modi’s Facebook Post Blocked: Is India’s Digital Sovereignty At Stake?123PhotostoriesGuru Purnima 2026: 5 Tamil films that beautifully celebrate the bond between teachers and students5 hidden fashion traditions from Northeast India that deserve the spotlight”I am a big fan of…”: Kareena Kapoor considers this vegetable a ‘superpower’ and gut-friendly; 7 ways to add it to your daily dietWhy you can’t stop checking your phone: Expert warns this anxiety habit may be fueling a harmful reassurance-seeking cycleAlways feeling mentally exhausted? These 8 simple daily habits can help clear your mindWorking out but still can’t lose belly fat? Doctor reveals why hormones, genetics and muscle loss make midlife weight loss so much harderYour refrigerator could be making vegetables unsafe: The storage mistakes experts say you should stop making todayOptical illusion personality test: The first thing that you spot helps you discover your hidden leadership talent7 yoga poses to manage neck pain10 baby names inspired by Norse mythology123Hot PicksH.C. VermaUddhav ThackerayMHT CET final merit listDelhi weatherWeather tomorrowe20 PetrolRajasthan Safai Karamchari recruitmentTN supplementary resultsSouth Korea KOSPI crashTop TrendingDelhi Red AlertNitin GadkariChhattisgarh MurderEknath Shinde New ProjectWeather TomorrowKhajuraho AirportDombivli Doctors Assault CaseChitrakoot Gang Rape CaseSuvendu AdhikariDelhi Police Dharna
NEW DELHI: Government on Tuesday issued an order capping the stock of sugar at 400 tonne with any dealer at any point of time till November 30 and traders have been directed to liquidate excess stock by August 1.The directive, which will come into force from August 1, also says that the dealers need to sell the sweetener within 30 days from the date of receipt. Food ministry, which invoked the Essential Commodities Act to issue a gazette notification imposing restriction, said this is being done to prevent hoarding, protect consumer interests, maintain price stability and ensure a transparent and efficient sugar supply chain.“Government has observed that the recent increase in ex-mill prices of sugar is not supported by the prevailing demand-supply fundamentals…hoarding by certain traders, dealers and market intermediaries, along with speculative transactions and paper trade without the actual physical movement of sugar from mills, has contributed to creating an artificial perception of scarcity..” the ministry said.To keep prices under check amid a forecast of a deficit monsoon, the Centre has banned sugar exports.The order would not apply to sugar stocks held on govt account, or by dealers nominated by the state government.
