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Cap on sugar exports will ensure availability in festivals: Food Secretary

Edible oil industry criticises zero-tariff quota on soy and sun oil; palm imports could fall to an 11-year low.

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Sugar stocks fell sharply on Wednesday.

Sanjeeb MukherjeeAgencies New Delhi
Food secretary Sudhanshu Pandey has said that the government’s decision to cap sugar exports at 10 million tonnes through an order issued on Tuesday night is meant to monitor unabated outflow so that no one is taken by surprise. He added that it will ensure adequate availability of the sweetener during the festive season of October and November.

Although prices of sugar are “more stable” when compared to other commodities, the decision to curb sugar exports was taken to prevent any undue spike in retail prices amid global shortage, Pandey said at a press conference. India consumes around 2-2.5 million

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First Published: May 25 2022 | 6:54 PM IST

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