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Our Bureau

New Delhi , June 28

In a further bid to control sugar prices in the run-up to the festival season, the Union Government has released 40 lakh tonnes (lt) of sugar as the free sale quota (FSQ) of mills for July-September 2006.

This is as against the 35 lt FSQ made during the same quarter of 2005. Further, an extra one lt would be released as `festival quota' for September, taking the effective FSQ quantity during the coming three months to 41 lt.

July allocation

For July alone, the Government had made an FSQ allocation of 12 lt (against 11 lt in July 2005) and this entire quantity "is required to be sold within the month," an official release said here today.

"The enhanced quota of 40 lt is expected to maintain the retail prices of sugar at reasonable levels. If the prices show any abnormal increasing trend, additional releases shall be made," the release added.

More Stories on : Sugar | Agricultural Policy

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