Government imposes restrictions on sugar exports from June 1

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To maintain the domestic availability and price stability of sugar, the government on May 24 brought restrictions on sugar exports.

As per the notification, taking into consideration unprecedented growth in exports of sugar and the need to maintain sufficient stock of sugar in the country as well as to safeguard the interests of the common citizens by keeping the prices of sugar under control, Government has decided to regulate sugar exports w.e.f. 01 June 2022, till further orders.

As per the order issued by DGFT, with effect from 1st June, 2022 till 31st October, 2022, or till further order, whichever is earlier, the export of the sugar will be allowed with specific permission of the Directorate of Sugar, Department of Food and Public Distribution.

The government has decided to allow export of sugar up to 100 lakh tonnes with a view to maintain the domestic availability and price stability during the sugar season 2021-22.

This restriction is not applicable to sugar being exported to EU and USA under CXL and TRQ quota.

According to the Indian Sugar Mills Association, contracts for export of over 85 lakh tonnes of sugar have already been entered into so far. Out of this, around 71 lakh tonnes of sugar have been physically exported out of the country till end of April 2022.

Click here to read the notification

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