Government has issued orders to mandatory disclose stock position of sugar for Traders/Wholesaler, Retailer, Big Chain Retailer, Processors of Sugar on the portal (https://esugar.nic.in) of Department of Food and PD on every Monday.
This fully digital initiative will facilitate smooth sugar market with deterrence to commodity hoarders from any speculative transactions. Besides, it will also provide real-time data on sugar stocks and help the Government to make further policy decisions, as and when need arises, to mitigate the impact of rumours of rising sugar prices on consumers and the industry.
Further, Government is also expecting cooperation from sugar mills and traders to adhere to the relevant laws and monthly domestic quota norms. Strict action will be taken against the mills violating the same.
