 "Sugar")
Over 400 sugar producers and intermediaries are congregating here on Monday to evolve strategies to boost India's sweetener exports in the current crushing season which began in October.
The government in March 2018 had allowed 2 million tonnes of sugar exports under the Minimum Indicative Export Quota (MIEQ) to be executed by September. But, given the poor execution of this exports quantity, the government in August this year extended the deadline by three months to December 2018. Under MIEQ, sugar exports are allowed on ‘nil duty’ on a condition to import similar quantity within a stipulated time in future.
The government in March 2018 had allowed 2 million tonnes of sugar exports under the Minimum Indicative Export Quota (MIEQ) to be executed by September. But, given the poor execution of this exports quantity, the government in August this year extended the deadline by three months to December 2018. Under MIEQ, sugar exports are allowed on ‘nil duty’ on a condition to import similar quantity within a stipulated time in future.
