hoarding – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 28 Aug 2026 16:10:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png hoarding – Artifex.News https://artifex.news 32 32 Government to introduce fortnightly sugar allocation https://artifex.news/article71401550-ece/ Fri, 28 Aug 2026 16:10:00 +0000 https://artifex.news/article71401550-ece/ Read More “Government to introduce fortnightly sugar allocation” »

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The Centre has decided to introduce from September fortnightly sugar allocation system replacing the existing monthly quota system.

According to an official press release, the mills will be required to sell at least 40 % of the allocation in the first week and remaining quantity in the succeeding week.

The statement said that physical verification of sugar stocks at the mills revealed that many mills were holding stocks more than the declarations made in the monthly returns submitted to the government. Some were found short selling – selling less sugar than the quantity allocated to them under the monthly quota. It was also found that in some cases, sugar sold by mills at the beginning of the month was dispatched or lifted by buyers only towards the end of the month.

In order to address such issues, the government has decided to introduce the fortnightly sugar allocation system. It will enable the government to monitor closely the demand-supply situation, respond quickly to changes in the market, prevent artificial shortages, and release additional quota whenever needed.

The mills have been directed to dispatch the sold sugar within a week.  Crushing will commence on October 15 and sugar production in October is expected to be 10 lakh tonnes and 45 lakh tonnes in November. The mills can sell sugar in October without any restriction, the release said.



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Govt. amends curbs on wheat export https://artifex.news/article65422208-ece/ Tue, 17 May 2022 09:03:14 +0000 https://artifex.news/article65422208-ece/ Read More “Govt. amends curbs on wheat export” »

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Labourers loading wheat at APMC wholesale market outskirts of Ahmedabad on May 17, 2022. 
| Photo Credit: Vijay Soneji

The Centre has amended its wheat export ban order of May 13 to allow export consignments that were registered in the Customs Department’s systems and handed over for examination on or prior to May 13 to be shipped out, the Commerce and Industry Ministry said on Tuesday.

The government also allowed shipment of a wheat consignment headed for Egypt, which was already under loading at the Kandla port, following a request by the Egyptian Government. A bulk of the 61,500 metric tonne wheat consignment had already been loaded for shipping to Egypt. The Centre has now permitted the exporter to load the remaining 17,160 metric tonnes so that the full consignment can sail out from Kandla.

Reiterating the intent behind last week’s ban order, the ministry said the decision would ensure food security and rein in inflation, while maintaining India’s reliability as a supplier as it would help other countries facing food deficits. The order also aimed to provide a clear direction to the wheat market to prevent hoarding of wheat supplies, the ministry asserted.

The export curbs notified last week came within a couple of days of the ministry’s announcement that official delegations would travel to several countries to pitch Indian wheat exports.

The curbs would not apply in cases where prior commitments had been made by private trade through Letters of Credit as well as in situations where permission is granted by the Centre following requests made by the governments of other countries to meet their food security needs.



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