More sugar export could be allowed after assessing domestic production: Food Ministry
The Hindu
An export quota of 6 million tonne has been permitted from November 1 to May 31, 2023
The government, which has allowed export of 6 million tonne of sugar till May 31 of the ongoing 2022-23 season, on Sunday said it could consider allowing more export after periodic assessment of domestic production.
A Food Ministry notification issued on November 5 said export quota of 6 million tonne has been permitted from November 1 to May 31, 2023, with an option for millers to export on their own or through exporters or swap with domestic sale quota.
In a statement issued on Sunday, the Ministry said the export quota has been fixed based on the available initial estimates of sugarcane production in the country.
"The sugarcane production in the country will be reviewed periodically and based on the latest available estimates, the quantity of sugar exports to be allowed could be reconsidered," the Ministry said.
Mills have been asked to export allocated sugar quota speedily to make early payment to cane farmers, it said.
Mill-wise sugar export quota has been fixed for the current season (October-September) based on average production of sugar mills in the last three years and average sugar production in the country in the same period, it said.
Further, to expedite sugar exports and to ensure flexibility to sugar mills in execution of the export quota, mills are allowed to surrender the quota partially or fully within 60 days of the date of issue of order or they can swap the export quota with domestic quota within 60 days.
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