According to the media reports, the government ruled out possibility sugar exports in the current 2023-24, despite ongoing industry requests.
Currently, there are restrictions imposed on sugar exports in India.
However, the Indian Sugar Mills Association (ISMA) has urged the government to authorize the export of 10 lakh tonnes of sugar in the 2023-24 season, expecting a healthy closing stock by the end of the season.
“As of now, the government is not considering sugar exports although the industry has demanded,” a senior official from the food ministry informed PTI.
ISMA has revised its net sugar production estimate for the 2023-24 season to 32 million tonnes.
Meanwhile, the government is contemplating permitting sugar mills to utilize excess stocks of B-heavy molasses for ethanol production this year.
