ANNOUNCEMENT 28 Oct 2016

The Indian government has imposed maximum stock holding limits on sugar dealers.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Oct 2016 | Removal date: 19 Dec 2017

Price stabilisation

On 28 October 2016, the Ministry of Consumer Affairs, Food and Public Distribution through Gazette S.O. 3348 (E). imposed stock holding limits on sugar dealers. The Notification requires that sugar dealers cannot hold any sugar stock for a period of more than 30 days from receipt and further cannot hold at any point of time hold stock more than 5000 quintals (10,000 quintals for dealers who bring sugar from outside West Bengal). There was no stock holding limit for sugar dealers before this Notification.

The Notification was initially announced until 28 April 2017 but was later extended till 28 October 2017 via Gazette S.O. 1346(E) and till 31 December 2017 via S.O. 3443(E) before being rescinded on 19 December 2017 via S.O. 3934(E).

On 8 September 2016, the Ministry had also imposed a stock holding limit on sugar producers for the months of September and October 2016 (see related State Act).

AFFECTED SECTORS

 

AFFECTED PRODUCTS