Sugar export likely to end with shortfall, only 56% of target achieved

Several incentives were linked with fulfilment of export quota

The government has introduced incentives for the industry such as transport subsidy, permission to release a similar quantity for the domestic market, and interest subsidy for maintaining buffer stock

Sugar mills have exported 2.8 million tonnes (mt) of the sweetener so far this season. This is only 56 per cent of the cumulative 5 mt of total minimum indicative export quota allotted for the current season (October 2018-September 2019).  "Indian mills have contracted for 3 mt of sugar exports, of which 2.8 mt has been dispatched. Another 0.5 mt of sugar can further be exported by September. Thus, India's sugar export will fall short by around a third of its allocated quantity this year," said Praful Vithalani, chairman, All India Sugar Traders' ...