Tuesday, September 21, 2021

Centre facilitates export of surplus sugar, diversion of sugar to ethanol to ensure timely payment of cane dues

Centre has facilitated export of surplus sugar and diversion of sugar to ethanol to ensure timely payment of cane dues. In past few years, sugar production in the country has been more than the domestic consumption. Central Government has been encouraging sugar mills to divert surplus sugar to ethanol.

In last sugar season of 2019-20, about 59.60 Lakh Metric Tonnes of sugar has been exported. In the current sugar season 2020-21, government is providing assistance of 6000 rupees per metric tonnes  to facilitate export of 60 LMT of sugar.

Against the export target of 60 LMT, contracts of about 70 LMT have been signed, more than 60 LMT has been lifted from sugar mills and more than 55 LMT has been physically exported from country, as on 16th of this month.

Some sugar mills have also signed forward contracts for export in ensuing sugar season 2021-22. Export of sugar has helped in maintaining demand-supply balance and stabilizing domestic ex-mill prices of sugar.

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