July 25, 2012 9:28 PM

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Govt. to release additional 2.66 lakh tonne sugar in open market for sale

The Government has decided to release additional 2.66 lakh tonne sugar in the open market for sale by August, 2012. According to a release issued by the Ministry of Consumer Affairs, Food and Public Distribution, the Ministry has decided to convert levy sugar stock for the sugar seasons 2008-09 and 2009-10 to the extent of 2.66 lakh tonne into non-levy sugar. The Government has also amended the sale conditions relating to release of quarterly non-levy quota for June-September quarter under which a quantity of 45 lakh tonne was released.

Sugar mills have been directed to sell at least 30 percent of the non-levy sale quota in July and at least 70 percent of the quota in July and August. The remaining 30 percent to be sold off during September.

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