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Govt withdraws stock holding and turnover limits on sugar dealers

Whenever the demand-supply situation is not comfortable, with more of demand and less of supply the government resorts to taking some measures that aim at curbing the price rise which will negatively impact on the common man. Putting a cap on the stock-holding and importing the commodity in shortage to make it available for the consumption of the public are the common steps government takes in the interest of the public.

And when the situation turns normal, the measures taken are generally withdrawn.

Now, the government has withdrawn stock holding and turnover limits on sugar dealers with immediate effect as it expects the situation to become normal since the production is estimated to register a comfortable rise.

The Ministry of Food and Public Distribution, in a statement said, prices are also expected to remain stable at reasonable level.

Sugar production of India is estimated to increase at 249 lakh tonnes in the 2017-18 marketing year from 203 lakh tonnes in the previous year. The stock holding and turnover limit was imposed till December this year.

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