Page 2 - Sugar Export

May raise sugar export quota after assessing domestic output: Food Ministry

The government, which has allowed export of 6 million tonne of sugar till May 31 of the ongoing 2022-23 season, on Sunday said it could consider allowing more export after periodic assessment of the domestic production. A food ministry notification issued on November 5 said export quota of 6 million tonne has been permitted from November 1 till May 31, 2023 with an option for millers to export on their own or through exporters or swap with domestic sale quota. In a statement issued on Sunday, the ministry said the export quota has been fixed based on the available initial estimates of sugarcane production in the country. "The sugarcane production in the country will be reviewed periodically and based on the latest available estimates, the quantity of sugar exports to be allowed could be reconsidered," the ministry said. Mills have been asked to export allocated sugar quota speedily to make early payment to cane farmers, it said. Mill-wise sugar export quota has been fixed for the

Sugar producers sign deals in 'golden opportunity' on tight global market

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

India to limit sugar exports in risk to global food prices: Report

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes

India signs deals to export 8.5 MT sugar in 2021/22, says trade body

Mills have already dispatched around 7.1 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said

India's sugar exports slow as global prices correct, rupee firms

Mills pause after signing deals to export 4 mn tonnes of sugar; diversion of sugar for ethanol reduces stockpiles, say dealers

India sugar stocks set to fall to 4-year low on record exports: ISMA

India could start 2021/22 marketing year on Oct. 1 with carry forward stock of 8.7 million tonnes, down from 10.7 million tonnes a year ago, said Indian Sugar Mills Association

Indian mills sign sugar export deals without government subsidy

Mills have so far contracted around 5.8 million tonnes of sugar out of the export allocation of 6 million tonnes

Govt cuts sugar export subsidy to Rs 4,000 a tonne on global price rise

Trade sources said it might not impact exports much; of the existing quota of 6 million tonnes, 5.7 million tonnes have already been contracted at higher subsidy rate

Govt cuts subsidy on sugar exports to Rs 4K per tonne on high global prices

The Centre slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices

Sugar exports picking up even as delays in release of subsidy loom

Newer opportunities such as exporting to Indonesia are being thrown up but early closure of mills could be an issue

A year on, India still waiting for Indonesia to relax sugar import norms

There was a discussion for a two-way deal under which India will give priority to import palm oil from Indonesia against which the latter was offering to buy raw sugar from here

To clear surplus stock, India exported 3.7 mn tonne sugar in 2018-19

Union minister Danve Raosaheb Dadarao said sugar mills were advised to export sugar as per their MIEQ (Minimum Indicative Export Quota) allocation

Govt fixes export quota of 10,000 tonne of sugar to EU at concessional rate

By availing the CXL concession on export to the EU, traders can export sugar at relatively low or zero customs duty

India to keep sugar export subsidies despite rivals' WTO complaint: Report

The export subsidies are designed to increase shipments from the world's second-biggest sugar producer and reduce their brimming inventories

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

Several incentives were linked with fulfilment of export quota

Slowdown in sugar exports a major headache for inventory-saddled industry

While a stronger rupee and lower crude price have hardened the overseas market, the decline in sugar prices from the peak has made exporting the commodity economically unviable

Minimum Indicative Export Quota of sugar seems unlikely to be met

While the annual consumption is 25.5mt, the total output is estimated at 31.5 mt and 10 mt has been carried over

Indian sugar industry plans to increase exports to South Korea: Govt

It said that the discussions were positive, and subject to Indian sugar industry meeting the quality standards and specifications prescribed by South Korea

India plans to export 2 mn tonnes of raw sugar to China: Commerce Ministry

India's export to China in 2017-18 amounted to $33 billion, while imports stood at $76.2 billion