Co-op millers oppose sugar sales quota

Cooperative millers have therefore opposed the 22 lakh tonne of sugar sales quota given for April. With restrictions coming into place due to surge in Covid cases, millers said meeting the increased quota will be difficult and is likely to result in lapsed quotas, reports Financial Express.

Jaiprakash Dandegoankar, president of the National Federation of Cooperative Sugar Factories, said restrictions have affected sale of sugar as consumption in hotels and restaurants has taken a hit and mills have been finding it difficult to meet their sales quota, resulting in a liquidity crisis.

The 2020-21 sugar season in Maharashtra is in its last leg and is likely to end by May 15, top officials said. Sugar production has already touched 105 lakh tonne and is likely to reach 107 lakh tonne, Shekhar Gaikwad, state sugar commissioner, told FE.

 

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