The central government has announced a mandatory requirement for Traders, Wholesalers, Retailers, Big Chain Retailers, and Sugar Processors to disclose their weekly sugar stocks.
In an effort to combat hoarding and prevent unscrupulous speculation in the sugar market, the government is taking proactive measures. The Ministry of Consumer Affairs, Food & Public Distribution has directed that stock positions of sugar for these entities must be disclosed every Monday on the Department of Food and PD’s portal (https://esugar.nic.in).
This mandatory weekly stock disclosure is part of the Indian government’s strategy to maintain a balanced and fair sugar market. The government aims to keep sugar affordable for all consumers by preventing hoarding and speculation. This proactive measure enables regulatory authorities to closely monitor stock levels and take swift action against potential market manipulation.
This fully digital initiative will promote a smooth sugar market and act as a deterrent to commodity hoarders engaging in speculative transactions. Additionally, it will provide real-time data on sugar stocks, enabling the government to make informed policy decisions when necessary to mitigate the impact of rumors about rising sugar prices on consumers and the industry.
The government expects cooperation from sugar mills and traders to comply with relevant laws and monthly domestic quota norms. Strict action will be taken against mills that violate these regulations. India currently has sufficient sugar stocks for domestic consumption, with no shortages expected for festivals. The government has already released the first tranche of domestic sales quota, and more will be released as needed based on market conditions.
