ANI
22 Sep 2023, 04:27 GMT+10
New Delhi [India], September 21 (ANI): The Government of India has taken proactive measures to ensure the stable retail price of sugar in the country by issuing orders that mandate weekly stock disclosures of sugar by Traders/Wholesalers, Retailers, Big Chain Retailers, and Sugar Processors.
This initiative aims to combat hoarding and curb speculative practices in the sugar market, read the Ministry of Consumer Affairs, Food and Public Distribution press release.
The weekly disclosure of sugar stock positions by these entities will be required on the Department of Food and Public Distribution's portal (https://esugar.nic.in) every Monday.
This move underscores the government's commitment to maintaining a balanced and equitable sugar market, preventing potential hoarding, and ensuring that sugar remains affordable for consumers, read the press release.
By mandating stock disclosures, regulatory authorities will have real-time data to closely monitor stock levels and promptly address any signs of market manipulation, read the release.
This digital initiative not only acts as a deterrent to hoarding but also provides valuable information for making informed policy decisions in response to market conditions and rumours affecting sugar prices, it said. (ANI)
Get a daily dose of Sports Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.
More InformationThis campaign explores ice hockey players' influence and popularity beyond their National Hockey League (NHL) careers. The goal was to ...
Green Bay (Wisconsin) [US], December 4 (ANI): Pop star Taylor Swift attended Travis Kelce's Chiefs Game Against the Packers in ...
(Photo credit: Stephen Brashear-USA TODAY Sports) With Major League Baseball's winter meetings underway in Nashville, the Mariners and Braves announced ...
(Photo credit: Dan Powers-USA TODAY Sports) Jordan Love completed 25 of 36 passes for 267 yards and three touchdowns, and ...
(Photo credit: Bob DeChiara-USA TODAY Sports) Brad Marchand scored a natural hat trick in the third period as the Boston ...
(Photo credit: Timothy T. Ludwig-USA TODAY Sports) Juuse Saros made 34 saves and the visiting Nashville Predators defeated the Buffalo ...
Green Bay (Wisconsin) [US], December 4 (ANI): Pop star Taylor Swift attended Travis Kelce's Chiefs Game Against the Packers in ...
(Photo credit: Dan Powers-USA TODAY Sports) Jordan Love completed 25 of 36 passes for 267 yards and three touchdowns, and ...
(Photo credit: Denny Simmons / The Tennessean / USA TODAY NETWORK) Gardner Minshew hit Michael Pittman with a 4-yard touchdown ...
(Photo credit: Kim Klement Neitzel-USA TODAY Sports) Tampa Bay Buccaneers receiver Mike Evans went over 1,000 receiving yards for the ...
(Photo credit: Adam Cairns/Columbus Dispatch / USA TODAY NETWORK) The College Football Playoff is about to expand to a 12-team ...
(Photo credit: Vincent Carchietta-USA TODAY Sports) Desmond Ridder completed 12 of 27 passes for 121 yards and the game's only ...