Friday, June 9, 2023

Govt allows sugar exports with limits

The government on Saturday allowed exports of 6 million tonnes of sugar on quota basis till May 31. The Ministry of Food has allocated a uniform export quota of 18.23% of the three years average production of sugar in operational sugar seasons.
The government has decided to allocate sugar mill wise export quota of 60 LMT for export of sugar season 2022-23.

“In order to prevent uncontrolled export of sugar & with a view to ensure sufficient availability of sugar for domestic consumption at a reasonable price, Government has decided to allow export of sugar upto a reasonable limit w.e.f 01.11.2022 till 31.10.2023,” the order noted.
“All grades of sugar i.e. raw, white as well as refined sugar can be exported by a sugar mill /refinery/exporter. Export quota of 60 LMT have been pro-rated amongst those sugar mills which operated in at least one sugar season amongst the last three sugar seasons by taking into account their average production of sugar achieved by the sugar mills during the last three operational sugar seasons i.e. 2019-20, 2020-21 and 2021-22,” it added.
The development comes after Centre extended restrictions on the export of sugar by a year till October 31 next year. The sugar export ban was imposed till October 31 this year earlier.
. The DGFT, however, informed that the curbs will not be applicable on sugar being exported to the EU and the US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota). It is worth mentioning here that India has been the highest producer and the second largest exporter of sugar in the world in the current year. The Ministry of Consumer Affairs, on October 5, said the sugar season 2021-22 has proved to be a watershed season for Indian Sugar Sector.

Note: The information given here is based on religious belief and public belief. There cannot be any scientific evidence for this. Keeping in mind the general interest and knowledge, it is being presented here.

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