Sugar industry in the country is saddled with surplus sugar stocks, and depressed sugar prices adding woes to the sector. Meanwhile, Kisan Cooperative Sugar Mill, from Uttar Pradesh has good news as it got permission from Central government to export 59,000 quintals sugar to Sri Lanka. Mill will commence sugar export from 2nd July.
Expressing happiness, GM SD Singh has confirmed that the central government has permitted to export mill for 59,000 quintals of sugar to Sri Lanka.
According to the reports that the government is planning over framing new sugar export policy to reduce surplus and address the concerns of the beleaguered sugar industry
Sugar mills have been facing issues with depressing sugar prices, surplus stocks and piling cane arrears. However, to make the sugar mills bailout and strengthen the financial conditions of the sugar mills, the government is emphasizing on various aspects, including export.