India has contracted to export 56 lakh tonne sugar so far in the ongoing 2020-21 marketing season, and is expected to conclude deals for shipment of the rest 4,00,000 tonne soon, trade body AISTA said on Tuesday. The government has fixed a mandatory export target of 60 lakh tonne surplus sugar for ongoing the 2020-21 season (October-September). This export policy was, however, approved only in January. During the 2019-20 season, India the world s second largest sugar producing nation after Brazil had shipped 59 lakh tonne of the sweetener. Releasing latest data, All India Sugar Trade Association (AISTA) said out of 56 lakh tonne export contracts undertaken, 34.78 lakh tonne of the sweetener has been already shipped to top 12 countries till May 6 of this season.
Synopsis
The government has fixed a mandatory export target of 60 lakh tonne surplus sugar for ongoing the 2020-21 season (October-September). This export policy was, however, approved only in January.
Agencies
India is left with export of 4 lakh tonne sugar under the government s export policy, for which traders are expected to conclude contracts soon, it said.
India has contracted to export 56 lakh tonne sugar so far in the ongoing 2020-21 marketing season, and is expected to conclude deals for shipment of the rest 4,00,000 tonne soon, trade body AISTA said on Tuesday.
The government has fixed a mandatory export target of 60 lakh tonne surplus sugar for ongoing the 2020-21 season (October-September). This export policy was, however, approved only in January.
India contracts for 56 lakh tonne sugar export; to conclude deals for rest 4 lakh tonne soon: AISTA
During the 2019-20 season, India the world s second largest sugar producing nation after Brazil had shipped 59 lakh tonne of the sweetener.
Share Via Email
| A+A A- By PTI
NEW DELHI: India has contracted to export 56 lakh tonne sugar so far in the ongoing 2020-21 marketing season, and is expected to conclude deals for shipment of the rest 4,00,000 tonne soon, trade body AISTA said on Tuesday.
The government has fixed a mandatory export target of 60 lakh tonne surplus sugar for ongoing the 2020-21 season (October-September). This export policy was, however, approved only in January.
India s sugar exports on good course; contracts over 50 lakh tonnes so far
SECTIONS
Last Updated: May 11, 2021, 07:45 AM IST
Share
Synopsis
Exports will help mills settle dues they owe sugarcane farmers, which is now coming down progressively from ₹21,200 crore, officials said.
Getty Images
Indian sugar mills may achieve their target of exporting 6 million tonnes of the sweetener by the end of June, three months before September, when the 2020-21 season ends.
“So far, mills have contracted exports of 5 million tonnes of sugar. Exports are moving well. Last year, we had exported a record over 5.9 million tonnes of sugar. We expect to create a new record this year,” said Subodh Kumar Singh, joint secretary in the food ministry.
India s sugar exports on good course ; contracts over 50 lakh tonnes: Food Secretary
The government has fixed a mandatory export target of 60 lakh tonnes of surplus sugar for the ongoing 2020-21 season (October-September). This export policy was, however, approved only in January
PTI | May 10, 2021 | Updated 17:52 IST
During the 2019-20 season, India, the world s second-largest sugar-producing nation after Brazil, had shipped 59 lakh tonne of the sweetener
India s sugar exports are on a good course this year as traders have contracted over 50 lakh tonnes of the sweetener so far, Food Secretary Sudhanshu Pandey said on Monday.
The government has fixed a mandatory export target of 60 lakh tonnes of surplus sugar for the ongoing 2020-21 season (October-September). This export policy was, however, approved only in January.