Relief to mills by extending period for export of sugar under quota

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New delhi date. 28 September 2020, Monday

The government has extended the deadline for completion of sugar exports to December this year as per the quota allotted to sugar mills for sugar exports. In the current marketing year ending in September, 3 million tonnes of sugar has been allowed to be exported. Mila is relieved that the period has been extended.

According to the allotted quota, exporters have to export sugar, but in the current year, the deadline has been extended by three months due to corona disruption, government sources said.

The government has allowed exports for the disposal of excess sugar in the country. However, out of the quota of 20 lakh tonnes, contracts have been signed for 3 lakh tonnes and out of this, 3 lakh tonnes have been released from the mills.

Corona has caused logistical problems to some mills, prompting them to extend the deadline. Indian sugar is mainly exported to Iran, Sri Lanka, Bangladesh, Nepal and other countries.

The dispute with Indonesia over quality has now been resolved, so exports are expected to pick up speed.

In the current marketing year, the government has provided a subsidy of Rs 5 crore to the mills for sugar exports so that the excess sugar can be disposed of quickly. Extending the deadline will bring relief to the country's millers, said an official of the Indian Sugar Mills Association.

India is the second largest producer of sugar in the world after Brazil.


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