In wake of the increasing price rise and in an attempt to ease the availability of sugar and check its price during the festive months of September and October, the government has imposed stock holding limit for sugar mills to avoid hoarding.
The government has also authorised the state governments to impose control measures on onion traders and dealers to ensure adequate availability.
The information was tweeted by consumer affairs minister, Ram Vilas Paswan, on Tuesday.
चीनी की कीमतों को काबू में रखने के लिए सितंबर और अक्तूबर 2017 के त्यौहार के महीनों के दौरान चीनी मिलों पर स्टॉक सीमा लगा दी गई है।
— Ram Vilas Paswan (@irvpaswan) August 29, 2017
“The stock holding limit for the month of September and October has been capped at 21% and 8% respectively of total sugar available with sugar mills during 2016-17 sugar season. For keeping prices of sugar under control during the festival months of Sept & Oct 2017 stock limits have been imposed on sugar mills”, he said.
The consumption of sugar and onions goes up during the two months that are witness to festivals like Eid-Ul-Adha, Onam, Maha Navami, Dussehra, Karva Chauth, Diwali, Govardhan Puja and Chhat Puja among others.
In 2016-17, the production of sugar was recorded at 203 lakh tonnes as against the consumption of 250 lakh tonnes — a shortfall of 47 lakh tonnes.
However, the government took charge of the situation as it had a buffer stock of about 77 lakh tonnes last year. To ensure that the prices of essential commodities are under control, the government has allowed states and UTs to impose control measures.