After lack of orders, govt extends sugar export quota date to December-end

The latest notification from the ministry of food also said the actual export might be completed in the coming sugar season

After a tepid response from buyers abroad, the central government has extended the time given for sugar export under the 'Minimum Indicative Export Quota' (MIEQ) by three months, until end-December.    

Issued first on May 9, the government told mills to ensure a combined two million tonnes of sugar export by September 30, on the basis of allocated quantity. The idea was to cut a glut, at the state-set prices, in the home market.  

The latest notification from the ministry of food also said the actual export might be completed in the coming, 2018-19, sugar season (which begins