India Allocates 16 Lakh Tonnes of Sugar for October Sales
The government allocated sugar for sale during October 13-31 as prices surged. The body says 14 lakh tonnes were allocated for October 16-31 and reports ex-mill prices rose nearly ₹1,000 per quintal in 10 days.
In a proactive move, the Indian government has allowed sugar mills to start selling sugar from Tuesday after allocating 14 lakh tonnes (lt) for the second fortnight (October 16-31) of this month. This is because ex-mill prices have surged by nearly ₹1,000/quintal in the past 10 days. However, the…