Government has said there is no shortage of sugar stock in India, and the stock is sufficient to meet the domestic consumption. An official release said India had a carryover stock of 9 million tonnes of sugar during the current Sugar season 2015-16. The production of sugar has been estimated at about 25.3 million tonnes in the current sugar season. <br/><br/>While the domestic consumption is estimated at about 25.5 million tonnes and exports being low at about 1.5 million tonnes, the stock position at the close of the current sugar season in September will stand at 7.3 million tonnes. This will be carried forward for the next sugar season. <br/><br/>Yesterday, Cabinet had decided to allow states to impose and enforce stock limits on sugar to check its price rise in the market. It was noticed that wholesale and retail prices had gone up in spite of sufficient availability of sugar stocks with the Sugar Mills.
News On AIR | April 28, 2016 7:21 PM
No shortage of sugar stock in India, says Govt