India will continue to export sugar |
According to a food ministry notification on November 5, India has allowed the export of 6 million tonnes of sugar on a quota basis till May 31.The ministry has allocated a uniform export quota of 18.23 percent of the three years average production of the sweetener in operational sugar seasons. Sugar mills can export themselves or through exporters or swap with the domestic sale quota of any other mills, it said. Sugar season runs from October to September. The Ministry said the action was taken to prevent uncontrolled export of sugar or with a view to ensuring sufficient availability of sugar for domestic consumption at a reasonable price, the government has decided to allow export of sugar up to a reasonable limit. The first tranche of the quota has been allowed only till May-end. Further allocation of quota for export will be decided based on domestic sugar production. The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka states from October onwards, whereas in Uttar Pradesh and the rest of the cane-growing states, it will kick off in mid-November.
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