New Delhi: Industry body ISMA has informed that the sugar mills from the country have contracted to export 4.3 million tonnes of sugar during the 2020-21 marketing year ending September.
The government with an aim of liquidating the surplus sugar has allowed the export of 6 million tonnes of sugar under Maximum Admissible Export Quota (MAEQ).
According to the ISMA, as per market reports, as against a total export quota of 60 lakh tons, around 43 lakh tonnes of export have already been signed. This is a great achievement especially because these contracts have been signed in just 2 ½ months, since the date the export quotas were allocated by the Government on 31st December, 2020. As per information collected from ports, 3.18 lakh tons of sugar was exported in Oct. – Dec., 2020, against the MAEQ of last season 2019-20 SS and another around 22 lakh tons of physical exports are expected between Jan. – March, 2021 against MAEQ of 2020-21 SS.
ISMA has estimated the sugar output is likely to increase to 30.2 million tonnes in 2020-21 as against 27.42 million tonnes last year.