In an effort to monitor price rise and meet domestic demand, the Food and Public Distribution department is not likely to release sugar export quota to sugar mills for the 2023-24 season, reports Live Mint.
This decision comes in light of lower sugar output for the ongoing season, which stands at 32.4 million tonnes (Mt) compared to the estimated 36.5 Mt.
A senior government official stated, “People who are expecting that the government will announce sugar export quota with the beginning of the new season from October, they should drop the thought. There will be no decisions on sugar exports until the government receives advance estimates of sugar production or initial cane assessments for the upcoming season”.
In September, the government will unveil its first advance estimates of foodgrains production and output for commercial crops, including cotton and sugarcane.