MONTHLY RELEASE FOR THE QUARTER JULY-SEPTEMBER
2002
The free sale quota of sugar for the quarter
July-September, 2002 will be released on monthly basis as a one-time
measure instead of the present practice of quarterly releases.
This decision has been taken by the Ministry of Consumer Affairs,
Food & Public Distribution on representations from the Apex
Bodies of Indian Sugar Industry , though the government is committed
to phased-decontrol of sugar.
Government has received representations from
the apex bodies of the Indian Sugar Industry, viz., Indian Sugar
Mills Association (ISMA) and National Co-operative Sugar Factories
Federation (NCSFF) that the present practice of quarterly release
of freesale sugar has eroded market confidence as a result of
which the prices of sugar have been showing a declining trend.
The apex bodies have represented that considering the need to
expedite payment of cane price dues certain degree of price stability
in sugar is needed, and, therefore, they have requested Government
to consider making monthly releases of freesale sugar.
