Sugar export limit extended by one more year to maintain adequate supply at home

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Mumbai: The central government has decided to extend the limit on the export of sugar from the country by one more year. Controls are placed on the export of sugar with the aim of maintaining domestic availability of sugar and keeping prices under control. A total of 1.12 crore tonnes of sugar was allowed to be exported for the sugar season which ended in September.

As per the earlier decision, this restriction was till 31st October which has now been extended till 31st October 2023. However, these restrictions will not apply to the export of sugar to Europe and America under the specific scheme, according to a statement issued by the Directorate General of Foreign Trade.

India is the largest producer of sugar in the world and the second largest exporter. For the sugar season of 2021-22, the government had permitted the export of a total of 1.12 crore tonnes of sugar.

In May this year, the government had announced the export quota for sugar. Under which the export of one crore tonnes of sugar was allowed for the first time. Meanwhile, for the month of November, the government has issued a quota of twenty two lakh tonnes of sugar for sugar mills.

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