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Centre May Revise Quarterly Free-Sale Release Of Sugar

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:29 AM IST

After announcing the quarterly free-sale release of sugar for sugar factories a month back, the Centre is likely to revise it to two-45-days-period. This is being done to protect the domestic market from crashing.

In a step towards liberalisation of the sugar sector, the Centre had, in November, decided to release free-sale sugar on a quarterly basis instead of a monthly basis. The mechanism is to come in force from January 1, 2002. Under the mechanism each sugar factory would be given releases for three months at a time in advance.

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First Published: Dec 22 2001 | 12:00 AM IST

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