ChiniMandi’s Roundtable session: Sugar traders meet in Goa to discuss proposed Sugar (Control) Order 2024
On September 15, sugar traders from across India gathered in Goa for a roundtable session organized by ChiniMandi to discuss the proposed Sugar (Control) Order 2024. Participants analyzed the order and shared concerns and suggestions. This session followed a similar one held with millers on September 6, with both groups’ input set to be submitted to the government by September 23.
On September 15, sugar traders from across India gathered at the DoubleTree by Hilton Hotel in Goa for a roundtable session organised by ChiniMandi. The session focused on an in-depth discussion and brainstorming of the proposed Sugar (Control) Order 2024.
The event, attended by Indian traders and ChiniMandi’s legal team, provided a platform for an in-depth discussion on various aspects of the new order. Participants emphasised their concerns and shared suggestions regarding the impact of the order. A detailed analysis of the proposed order was presented during the session.
The session committee includes Rahil Shaikh from MEIR Commodities, Mohan Narang from KS Commodities, Janeesh Patel from Samparpan Sugar, Uppal Shah and Hemant Shah from ChiniMandi, Jitu Shah from JK Group, Husain Gangardiwala from Najmuddin Trading, and Adv. Rahoul Desae from the legal team.
During this session, special discussions focused on strengthening the trade of sugar and by-products.
ChiniMandi had organised a roundtable session for millers in Kolhapur on September 6, 2024, and a separate session for traders took place yesterday. The concerns and suggestions of millers and traders regarding the proposed Sugar (Control) Order and how to make the industry healthier will be submitted by ChiniMandi before the government’s deadline of September 23.
This initiative by ChiniMandi is being highly appreciated by both the miller and trader communities.
In a move to revamp the regulatory framework of the sugar industry, the government released the draft Sugar (Control) Order 2024. According to an office memorandum issued on August 22, technological advancements in the production process have led to multiple changes in the sugar sector, necessitating a revamp of the existing Sugar (Control) Order, 1966. In this regard, a copy of the draft Sugar (Control) Order 2024 was issued.
Sugar (Control) Order looks after various aspects of the sugar industry, including regulation of production, sale, packaging and international trade of sugar, release quota for sale, movement and export/import of sugar.
Industry stakeholders wishing to provide suggestion through ChiniMandi on the proposed Sugar (Control) Order can do so by clicking this link ➡️ Suggestions
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