In order to keep prices under control during the festival season, the government has imposed stock limits on sugar mills for the next two months. The move would boost availability of sugar in the open market, preventing mills from artificially withholding of sugar during the high demand festive season of September and October.
Food Minister Ram Vilas Paswan said that the mills for the month of September can hold upto 21 per cent of the total sugar available with them and for the October month, the stock limit would be 8 per cent of the total sugar availability with the mills during entire 2016-17 marketing year (October- September).
At present, in retail market sugar prices are ruling at more than Rs 40 per kg, while branded sugar is available at Rs 50 per kg. Recently, with an aim to restrict cheap inward shipments and maintain domestic prices, the government had increased import duty on sugar to 50 per cent, up from 40 per cent.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: