Hyderabad, July 29: The Union Government has imposed fresh stock limits on sugar dealers to curb price fluctuations and ensure adequate availability in the domestic market. The new rules will come into effect from August 1 and remain in force until November 30.
Under the notification issued on Tuesday, sugar dealers across the country cannot store sugar for more than 30 days from the date of procurement. In addition, the total stock held by any dealer at any location must not exceed 4,000 quintals.
The Centre has directed all sugar dealers to update their stock details daily on the Food Stock Portal to enable real time monitoring and ensure compliance with the new regulations.
The notification states that no dealer anywhere in the country can maintain sugar stocks exceeding 4,000 quintals or retain stocks beyond 30 days from the date of purchase.
The stock limits, however, will not apply to government agencies, dealers authorised by state governments or agencies engaged in distribution through the Public Distribution System.
The latest move follows the Centre’s earlier decision to restrict sugar exports amid concerns over lower monsoon rainfall and domestic availability. The government expects the new stock limits to help prevent hoarding and keep sugar prices under control during the festive season.
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