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The Hindu Business Line

India sets 14 lakh tonnes sugar sales quota for Oct 1–15 as new season starts

AI Market Summary
India's Food Ministry set an October 1–15 domestic sugar sales quota of 14 lakh tonnes, front-loading required sales to boost near-term availability ahead of Dussehra and help cool retail prices. Allowing October-crushing mills to sell additional volumes in Oct–Nov and leaving unsold-quota handling unspecified may further increase short-term supply. The development is primarily domestic and has limited direct spillover to major global markets.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.36%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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India’s Food Ministry set a domestic sugar sales quota of 14 lakh tonnes for Oct 1–15, including 1 lakh tonnes for standalone refiners. The new sugar season begins on Oct 1, with mills in Maharashtra and western Uttar Pradesh preparing to start cane crushing earlier than usual from around Oct 15 and Oct 20, respectively. Under the fortnightly quota, mills must sell at least 45% in the first week and the remainder in the second week. The move is aimed at boosting supply ahead of Dussehra to help cool sugar prices.
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