New Delhi, Mar 13 (KNN) The sugar industry comprising of a fair share of Micro, Small and Medium Enterprises (MSMEs) are expecting the government to announce scrapping off export duty on their commodity amidst forecast of a good output.

Prakash Naiknavare, MD of National Federation of Cooperative Sugar Factories (NFCSF) in a press interview said that the industry is looking at the government to soon remove the export duty on sugar.

The industry representatives earlier met the food ministry officials citing the second advance estimate valuing at 26.1 million tonnes. The figure is a follow up of an estimated 29.5 million tonnes.

The chopping off of export duty is also important in order to reduce the closing stock of 2017-18. The industry is aiming to export over 2 million tonnes of sugar till late 2018.

Also the sector has urged the government to reinstate the mandatory sugar export scheme for the mills that provided an incentive of Rs 75 per tonne of sugarcane for the sugar mills llinked to exporting allocated quota of sugar. (With Inputs from a media report) (KNN/DA)