India has allowed millers to sell 4.5 million tonnes of sugar from April to June in the open market, up six per cent from the previous quarter, to meet increased demand in summer, a government statement said.
The quantity of non-levy, or free-sale sugar, that millers can sell on the open market is fixed by the federal government.
The quota will now be decided every quarter, instead of monthly.
The sugar mills can sell and deliver not less than 25 per cent of the quarterly quota each month. The remaining 25 per cent can be sold at any time during the quarter.
Millers can also sell last month’s carry over stock of 100,000 tonnes till April 15, a statement from the ministry of food and consumer affairs said.