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Centre permits 6MT of sugar exports on quota basis till May 31, 2023

Updated: Nov 07, 2022 12:18:04pm
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Centre permits 6MT of sugar exports on quota basis till May 31, 2023

New Delhi, Nov 7 (KNN) The central government has approved 6 million tonnes of sugar exports on a quota basis till May 31, according to a Food Ministry notification on Saturday.

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"In order 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 with effect from November 1 till May 31, 2023," it said.

As per the notification, the Ministry has allocated a uniform export quota of 18.23 per cent 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.

As per reports, the decision regarding the allocation of quota for exports after May ends, will be decided based on the domestic sugar production.

The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka from October onwards, whereas in Uttar Pradesh and rest of the cane growing states, it will kick off in a week's time.

According to National Federation of Cooperative Sugar Factories Ltd, In October month alone, mills had manufactured 4.05 lakh tonnes of sugar, which was lower by 14.73 per cent from the year-ago period, a report in The Hindu said.

The government had restricted sugar exports towards the end of the 2021-22 season (October-September) to ensure sufficient stocks for domestic consumption and prevent any rise in retail prices during the festive period.

Despite restrictions, about 11 million tonnes of sugar were exported during the entire 2021-22 season.  (KNN Bureau)

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