New Delhi, July 1 (Commoditiescontrol) As per a notification issued on Thursday , the food ministry has allocated 21 LMT monthly sugar quota for July 2022 to 499 sugar mills which is 1 LMT lower than the quantity allocated in the same month last year. In the last month i.e. the allocated sugar quota for domestic sale was 21 LMT.
The average monthly consumption of sugar is 22-23 LMT, a market analyst said. Despite monsoon having kicked in, the routine demand will still exist with some small quantities of additional demand coming in due to the Hindu holy month Shravan beginning in the last week of July. Overall, sugar prices are likely to remain range bound or steady this month.
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