Don’t push sugar exports
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Sugar production in India has exceeded expectations, leading to increases in stockpile. This was primarily due to the government’s decision to divert less sucrose towards ethanol blending. Instead, the focus shifted to ensuring sufficient production to meet domestic demand. Consequently, sugar production increased during the 2023/24 season, and ethanol diversion was significantly reduced, resulting in an addition of nearly 2 million tonnes (mt) to sugar stocks. Now, the challenge is to manage these stocks, sitting in the warehouses of more than 500 sugar mills across the country.
Source Link : https://www.thehindubusinessline.com/opinion/dont-push-sugar-exports/article68415204.ece
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