The Centre is expected to allow an additional 1.2 million tonnes (MT) of sugar exports in the 2021-22 season, which will end in September, over and above the 10 MT already fixed, due to higher-than-anticipated domestic production.
Sources said a high-powered panel of officials approved the additional quota of exports during a meeting held a few days back.
“This extra quota will be good enough to absorb the surplus production and still leave around 6-6.8 MT of sugar as closing stocks, which is roughly three-four months of consumption,” a senior industry official said.
A formal announcement regarding this is expected soon, the official said.
Sugar production in the current year (2021-22) is now estimated to be over