India close to achieve target of exporting 60 lakh tonnes of sugar

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Sugar exports from India are on a good track this year as the traders have contracted over 50 lakh tonnes of sugar till date, said Sudhanshu Pandey, Food Secretary on Monday.

As per the export policy, the government has fixed to export 60 lakh tonnes of surplus sugar during the ongoing 2020-21 season (October-September).

During last season India had exported 59 lakh tonnes of sugar. Briefing media persons in a virtual press conference Pandey said that India has already contracted over 50 lakh tonnes of sugar.

The export policy was announced to help the cash-starved sugar mills to earn from the exports so that they could clear the cane dues in time.
The mills were also encouraged to increase ethanol production apart from exporting sugar.

Subodh Gupta, Food Joint Secretary said, “We are trying to resolve the liquidity issues of sugar mills by two ways- exporting surplus sugar and diverting towards ethanol production.

In this year, Indian sugar is being majorly exported to Indonesia, Afghanistan and UAE.

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