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Sugar exports looking up, contracts worth 2.5 million tonnes signed

Domestic industry eyeing total sugar exports of 5 MT this season

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Sugarcane

Virendra Singh Rawat Lucknow
Even as domestic sugar production in the current 2019-20 crushing season fell by 30 per cent to 7.8 million tonnes (MT) till December 31, 2019 compared to 11.2 MT during the same period in 2018, mills have signed sugar export contracts worth 2.5 million tonnes so far.

Quoting market information, Indian Sugar Mills Association (ISMA) said on Thursday that sugar export contracts to the tune of 2.5 MT had been signed by mills against their respective maximum admissible export quantity (MAEQ).

In fact, the Centre is in the process of reviewing actual exports from mills against MAEQ during October–December 2019