India will easily exhaust its 1 million tonne sugar export quota allowed by the government for the current marketing year, Deepak Ballani, Director General of Indian Sugar and Bio-Energy Manufacturers Association (ISMA) told ANI.
India has extended the restrictions on the export of sugar beyond October 31, 2023, and until further orders, according to a notification by the Directorate General of Foreign Trade issued on Wednesday.
The year 2021-22 has proven to be a watershed season for the Indian sugar sector. All records of sugarcane production, sugar production, sugar exports, cane procured, cane dues paid and ethanol production was made during the season.
A decline in exports in sugar season 2023 (October 2022 to September 2023) coupled with a 3 per cent increase in the fair and remunerative price of sugarcane will impact the profitability of sugar mills this financial year.
New Delhi [India], October 12 (ANI): India has extended the validity for the export of raw sugar to the US under tariff rate quota till December 31, 2022, a Directorate General of Foreign Trade (DGFT) notification said on Wednesday.
New Delhi [India], June 8 (ANI): The Central Government gave ample time to sugar exporters and millers to submit their applications on National Single Window System (NSWS) with regard to the restriction on exports of sugar beyond 100 Lakh Metric Tonnes (LMT).