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Page 2 - இந்தியா சர்க்கரை வர்த்தகர்கள் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sugar export: India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders

Synopsis According to Praful Vithalani, chairman, All India Sugar Traders Association (AISTA), there will not be any major impact on the ongoing sugar exports as agreements for 57 lakh tonnes of sugar exports have been executed till May 19 nor there will not be any impact on domestic prices as these are controlled by the monthly release mechanism. Agencies According to trade estimates, the government will be able to save an outgo of Rs 60 crore of the sugar export subsidy. The central government today slashed the amount of subsidy given for sugar export by one third from Rs 6000/tonne to Rs 4000/tonne. As the industry has completed export of 95% of the sugar export quota of 60 lakh tonnes, the decision will not have any major adverse impact on the country s sugar exports. The industry is confident about continuing exports under the open general license (OGL) category thanks to better realisation from exports.

Sugar exporters contract 52 lakh tonnes for shipments, 33 lakh tonnes shipped out

Sugar exporters contract 52 lakh tonnes for shipments, 33 lakh tonnes shipped out
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Indonesia emerges largest buyer of India sugar in first quarter of 2021, says AISTA

Indonesia emerges largest buyer of India sugar in first quarter of 2021, says AISTA SECTIONS Share Synopsis Indian government had announced a scheme in January 2021 to incentivise exports and thus reduce the surplus sugar in the domestic market. The scheme was meant to help the sugarcane growing farmers as it assumed that the sugar mills will pay their bills on time when the sugar prices in the domestic market improve on clearing the excess stocks. Getty Images So far, during the first three months since the scheme became applicable, Indonesia has emerged as the top importer of Indian sugar accounting for 38% share of the total sugar dispatched.

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports | Hellenic Shipping News Worldwide

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports A nearly five-million tonnes (mt) sugar deficit projected by the International Sugar Organization (ISO) is likely to keep sugar prices firm this season (October 2020-September 2021) with Brazilian shipping woes likely to help India’s cause to export more of the commodity. The ISO, in its quarterly outlook, has raised the sugar deficit during the current season to 4.782 mt from its earlier estimate of 3.50 mt three months ago. This will see production dropping this season by 1.24 per cent to 169.04 mt (171.16 mt), while consumption is seen increasing to 172.82 mt (170.24 mt). This will also see a cut-down in end stocks by 4.91 mt to 92.69 mt this season.

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