India releases 97,096 tonnes additional sugar in Jan

India releases 97,096 tonnes additional sugar in Jan
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First Published: Wed, Jan 16 2008. 10 55 AM IST
Updated: Wed, Jan 16 2008. 10 55 AM IST
Reuters
Mumbai: India has released an additional 97,096.4 tonnes of sugar to be sold by millers in the open market under non-levy quota in January, the consumer affairs ministry said on its Web site late on 15 January.
The total sugar to be sold in the open market in January has now gone up to nearly 1.40 million tonnes from 1.30 million tonnes the government announced in December.
The sugar trade in India is controlled by the government, which sets a monthly and quarterly quota that millers can sell freely in the market (non-levy). Additionally, the government also sells subsidised sugar to the poor through levy sugar.
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First Published: Wed, Jan 16 2008. 10 55 AM IST
More Topics: India | Sugar | Quota | non-levy | millers |