SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government keeping an eye on sugar sales in open market

18 Oct 2012 Evaluate

The government is keeping a close watch on sugar sales by millers in the open market. It has also warned millers against failure to sell the entire quota allocated to them for the October-November period. This step taken by the government is in order to check the rise in sugar prices during the festival season. The warning comes in the backdrop of an impression created by some circles that sugar released by the government for sale in the open market for October and November would get extended suo motu. 

The government has also advised the sugar mills not to act on presumptions. In case if they are found to restrain the sale and delivery of non-levy sugar released for sale in the market during October-November, then the government will immediately convert the unsold and undelivered quantity of non-levy stock into levy stock.

Right from the production to distribution the government controls the sugar sector. The food ministry fixes the quantity of sugar that mills would sell every month in the open market. Besides, the ministry has allocated a total 40 lakh tonnes of non-levy sugar for October - November period to 380 odd millers for sale in the open market.

In the 2011-12 marketing year (October-September) period, the sugar production in the country stood at 26 million tonnes higher than the annual demand of 22 million tonnes.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×