ISMA Seeks Government’s Help To Boost Sugar Export

 

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New Delhi: As the sugar industry is choked up with surplus stock of sugar, it is facing a hurdle to export the sweetener. Following which Indian Sugar Mills Association (ISMA) has requested Department of Food and Public Distribution (DFPD) and sought its help to boost the export of sugar.

In a letter written to DFDP, ISMA has asked them to provide financial assistance for those sugar mills who have fulfilled their individual export quotas and willing to export beyond MIEQ given to them.

The government has asked domestic sugar mills to export 5 million tonnes in the 2018-19 season (October-September) to liquidate excess sugar stock in the country.

Industry representatives will meet food and consumer affairs ministry officials on Thursday to push for fresh measures to encourage sugar exports.

According to ISMA, it was estimated that cane price arrears across the country had reached about Rs 20,000 crore at the end of January 2019.

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