The Indian government has issued an export release order of 520 metric tons (MT) of sugar to the Maldives under the bilateral trade agreement between the two countries.
According to the order dated June 14, permission is granted to Hari & Co. International LLP to export a total quantity of 520 MT of sugar within 90 days of this order.
Export Release Order of 520 Tons of sugar was released on 14.06.2022 for export to the Maldives in compliance with the bi-lateral agreement between #India and Maldives. pic.twitter.com/b7KIoNowki
— @FoodDeptGOI (@fooddeptgoi) June 14, 2022
The Directorate General of Foreign Trade, in July 2021, had allowed the export of specified quantities of various commodities including sugar under the bilateral agreement between India and Maldives for three years until 2023-24.
Recently, the global shortage of sugar has triggered the demand, therefore Indian government took a precautionary step to cap sugar export to 100 lakh metric tonnes (LMT) for the season 2021-22.
