Vide notification dated 22nd August 2009, the Central Government imposed stockholding limit on bulk consumers stipulating that they shall not hold stocks exceeding 15 days of their requirement from domestically produced sugar. The objective is to encourage these bulk consumers to buy less of domestic sugar and to import more sugar for meeting their requirements.
The Central Government has now decided to reduce the stockholding limit on bulk consumers from 15 days to 10 days and the notification has been issued today and the same shall come into effect on 20th February,2010 for a period of one eighty days.