India Amends Policy On Sugar Exports

sugarcane trolleys

NEW DELHI, Nov 6 (NNN-PTI) – India has allowed sugar exports between Nov 1, and Oct 31 next year, up to a limit, an order issued by the federal government stated yesterday.

Sugar mills located across the country, have been given individual export quotas, totalling up to six million tonnes of exports up till May 31, 2023. This would be the first tranche of sugar exports that has been allowed.

Only last Friday India announced to extend the ban on sugar exports by one year, till Oct 31 next year, though the restriction was not applicable to sugar being exported to the European Union (EU) and the U.S. by quota.

According to the federal government’s order, all grades of sugar, like raw material, along with refined sugar can be exported by a sugar mill, refinery, or exporter up to the notified limit.

There are 537 such sugar mills across the country, which have been given different amounts of quota to be exported during the limited period.