India, the world's second-largest sugar-producing country, had to offer export subsidies during the last two years in order to reduce surplus stocks
Failure to set a new subsidy allocation will eventually delay exports from the world's second biggest producer of the sweetener and support global prices, which are trading near eight-month highs
In 2019, Brazil, Australia and Guatemala dragged India into the WTO's dispute settlement mechanism alleging that New Delhi's sugar subsidies to farmers are inconsistent with global trade rules
Sector says new drought-resistant, high-yield and high-recovery cane to be introduced next year
The factories were able to supply only a third of OMC requirements in the second tender
Newer opportunities such as exporting to Indonesia are being thrown up but early closure of mills could be an issue
Sugar mills contract for 1.4 million tonnes of exports in 2019-20 season
The soft loan package is being implemented by the food ministry, which provides a list of eligible loan applicants to banks for further process.
Producers are talking to importers in West Asia, China, East Africa, Bangladesh, Iran and Sri Lanka with a view to starting shipments from next month
Even though world inventories are forecast to drop, the excess hoard is still big enough to satisfy annual consumption in India and the European Union, the top consumers
The Union Cabinet recently approved a subsidy of Rs 6,268 crore for the export of 6 million tonnes of sugar. The development triggered a rally in select counters
India's ability to export sugar and policy support to divert cane production towards ethanol will be key to sustaining the health of industry, ICRA note said
The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure
India will keep its sugar export subsidies despite complaints to the WTO from rival producers.
Brazil has alleged that in recent years, India has massively increased the level of domestic support under its support regime for sugarcane and sugar
The export subsidies are designed to increase shipments from the world's second-biggest sugar producer and reduce their brimming inventories
In February, Brazil had requested that the WTO start consultations on the subject but the two sides failed to reach a resolution
India's continued sugar subsidies to farmers have led to a "glut" and "depressed" global prices, said Australia