Centre to allow states to impose stock limits on sugar

The move might be a relief for drought-hit farmers of Marathwada as sugarcane cultivation requires large amount of water

GN Bureau | April 28, 2016


#sugar mills   #Maharashtra   #drought  


In an attempt to curb the trend of rising sugar prices, the Centre has decided to allow states to impose and enforce stock holding limits on dealers of sugar. The move has been brought about after it was noticed that in spite of sufficient availability of sugar stocks with the sugar mills, the wholesale and retail prices showed a spurt.

This, however, may also benefit farmers of the several drought-hit regions in Maharashtra and other states since sugarcane cultivation consumes a lot of water, allegedly leading to uncontrolled lifting of ground water. Sugarcane, which is a water-guzzling crop, consumes over 70 percent of irrigated water even though it occupies just about 4 percent of farmed land in Maharashtra. As per reports, the Maharashtra government, too, is considering of enforcing a five-year ban on sanctioning new sugar mills in the state.

Meanwhile, the decision of the Centre aims to check the inflationary tendencies in sugar and reduce hoarding by wholesalers and retailers by bringing sugar within the purview of stock limits. This would help the state and central agencies to impose stock limits and regulate supply, distribution, storage and trade of sugar.
 

Comments

 

Other News

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

MDR on UPI: Can sustainability come without weakening the network?

The extraordinary transaction volumes and value (₹29.82 Lakh crore in August 2026 alone) of the Unified Payments Interface (UPI) have made it not only an Indian success story, but a global one. In 2024, UPI accounted for nearly 49% of the world’s real-time payment transaction volume, with more th

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter