Friday, March 24th, 2023

Government of India allowed to sell sugar abroad, exporters just have to follow these rules

Photo:FILE Government of India allowed to sell sugar abroad

Sugar Export: The government on Saturday allowed the export of 60 lakh tonnes of sugar on the basis of quota. According to the notification issued by the Food Ministry, the Food Ministry has approved the export of 6 million tonnes of sugar till May 31 next year.

exchange opportunity

18.23 per cent of the average sugar production for the last three sugar marketing seasons has been earmarked as export quota. Sugar mills can sell sugar abroad on their own or through exporters after getting this approval. Apart from this, the mills will also be able to swap with the export quota of other sugar mills of the country.

What does the notification say?

According to this notification, “In order to check the uncontrolled export of sugar and to maintain adequate availability of sugar at reasonable rates for domestic consumption, the Government has decided to allow export of sugar with reasonable limits from November 1, 2022 to May 31, 2023.” has decided.”

Approval has been received only till the end of May

Let us tell you, the approval for the first batch of export quota has been given only till the end of May. After that the decision to fix the export quota will be taken keeping in mind the domestic sugar production. In the sugar season 2022-23, sugar production has started in Maharashtra and Karnataka, while in Uttar Pradesh and other states it is likely to start in the next week. The Chinese season begins in October and continues till September the following year. The government had banned sugar exports at the end of the sugar season 2021-22. Despite this ban, about 11 million tonnes of sugar was exported in the last sugar season.

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