India set to allow 5 mn tonnes of sugar exports in first tranche: Report

On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier

India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday.
 

"The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year's production, we could allow another 3 to 5 million tonnes for exports," said one of the sources who didn't wish to be named in line with official rules.
 

Although it's a little early to get a clear idea about next year's production, early estimates suggest sugar