Govt unlikely to allow sugar exports next season
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The government is also trying to improve its crop assessment process as last season sugar production was higher than estimated by the sugarcane commissioner and this year it was lower than estimated.
The department of food and public distribution is unlikely to allocate quota to sugar mills for export or allow Indian mills to export sugar in 2023-24 (October-September) to ensure domestic supply and keep prices in check. This comes in the backdrop of India’s sugar production in the ongoing season dipping to 32.4 million tonnes (mt) from the initial estimates of 36.5 mt, in turn driving the government’s decision of retaining export restrictions on the sweetener.
