Potential Enforcement Of Sugar Stock Declaration By Centre To Ensure Year-Round Availability
The GOI is considering a mechanism to enforce and verify sugar stock declarations by mills, stockists, and wholesalers to ensure adequate availability throughout the year in coordination with states, due to expectations for lower production, though which will be greater than consumption. Tradologie.com, a next generation transaction-oriented, SaaS platform for B2B commodities, connecting bulk buyers with bulk sellers of mainly branded food and agro-commodities who are registered and verified by the company on a global scale. Sugar producers and sugar sellers can easily get the best price here if they sell sugar in bulk while buyers can buy sugar in bulk from vendors across the globe. This is all done directly as there are no middlemen involved in the process and the company facilitates the entire process.
Government’s Policies In September of this year, the Food Ministry issued an order requesting that sugar mills provide information on the amount of sugar sold each month “to ensure sufficient availability at reasonable prices by having complete data of stocks with sugar traders, dealers, wholesalers, big retail chains, and processors.” A senior official stated, “Though the Order was issued two months ago, there was insufficient followup’s with the state governments. Similar to the wheat stock holding limit, states will be enlisted to ensure proper verification of data submitted by stockists and wholesalers.”