Finance · 3 updates
Pune: The government will introduce a fortnightly sugar allocation system from September, replacing the existing monthly quota, in a bid to improve availability and prevent artificial scarcity in the market.Under the fortnightly quota, sugar mills will be required to sell at least 40% of the allocation in the first week and the remaining quantity in the succeeding week. It was observed that in certain cases, sugar sold by mills at the beginning of the month was being dispatched or lifted by buyers only towards the end of the month, leading to artificial scarcity, the government said in a state