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Follow on Google News | Govt. Fixes 20.5 LMT Monthly Sugar Quota for Sale in November 2019By: Sugar Industry News And updates - ChiniMandi The November, 2019 Stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of October 2019. The notional month-end stock for the month of October 2019, has been worked out on the basis of month end stock for September, 2019 (as reported on P-II) and subtracting actual release for October 2019. Since new sugar season 2019-20 has commenced from October 2019 no data on sugar production during October 2019 is available hence, no estimated production has been taken into account. The quantity of white and raw sugar dispatched from sugar mills for the purpose of export (as reported P-II) has also been added in October 2019 month end notional stock. Those sugar mills which have completed their 75% to 100% export targets under MIEQ quota allotted to them for the sugar season 2018-19 have been given incentive in the form of additional allocation @ 10% of their normal allocation for the month of November 2019. Besides, the sugar mills which have completed 50 to 75% of their export targets under MIEQ quota for the season 2018-19 have been given @ 7.5% of their normal allocation for the month of November, 2019 by adding this incentivized quantity in column 4 of the table in this Order. No deductions have been made for non-fulfillment of export targets under MIEQ. In the previous month the Govt. allocated 21 lakh MT monthly sugar quota in October (https://www.chinimandi.com/ End
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