Page 2 - Sugar Exports

Govt permits exporters to ship raw sugar to US under TRQ till Dec 31

The government on Wednesday permitted the export of specified quantity of raw sugar to the US under the Tariff-Rate Quota (TRQ) till December-end this year. Earlier, it was permitted till September 30. "The validity for export of raw sugar to the US under TRQ has been extended from September 30, 2022 to December 31, 2022," the Directorate General of Foreign Trade (DGFT) said in a public notice. TRQ is a quota for a volume of exports that enters the US at relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. In May, the government permitted additional export of 2,051 metric tonne of raw sugar under the TRQ to the US for its fiscal year ending September 30, 2022. With this quantity, total sugar export to the US under TRQ during its fiscal year 2022 would be 10,475 MT. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as

Sugar exports up 57% to record 10.98 mn tonnes; cane arrears at Rs 6k cr

India's sugar exports rose 57 per cent to 109.8 lakh tonnes during 2021-22 marketing year ended September, resulting in foreign currency inflow worth about Rs 40,000 crore into the country, the government on Wednesday said. Sugarcane arrears to farmers stood at only Rs 6,000 crore at the end of 2021-22 marketing year (October-September) as mills have already paid Rs 1.12 lakh crore to farmers out to total payable amount of Rs 1.18 lakh crore. In 2021-22 marketing year, the food ministry said that "India has emerged as the world's largest producer and consumer of sugar as well as the world's 2nd largest exporter of sugar". A record of more than 5,000 lakh tonnes sugarcane was produced in the country during 2021-22, out of which about 3,574 lakh tonnes were crushed by sugar mills to produce about 394 lakh tones of sugar (sucrose). Out of this, 35 lakh tonnes of sugar was diverted to ethanol production and 359 lakh tonnes of sugar was produced by sugar mills. "The season has proven t

Sugar sales, exports likely to decline in UP as consumption comes down

The high production cost of sugar in Uttar Pradesh may adversely impact its export from the state, creating a glut-like-situation in the upcoming cane crushing season

Reduce sugar production, focus on ethanol: Gadkari tells sugar mills

He also argued that the sugar industry should try to create avenues through which ethanol could be sold directly to the automobile industry

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

Govt to announce 2022/23 sugar export quota 'very soon': Food Secretary

He did not disclose the quantity of sugar exports that will be allowed for the 2022-23 marketing year (October-September).

Maharashtra set to produce record sugar levels in new crop season

Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices.

Govt to soon announce sugar export quota for 2022-23 mkt year: Food secy

The government will soon announce export quota of sugar for next marketing year starting October, Food Secretary Sudhanshu Pandey said on Monday. He however did not disclose the quantity of sugar that will be allowed for export in 2022-23 marketing year. "We will soon announce the sugar export policy for next season," Pandey told reporters here on the sidelines of 82th AGM of Roller Flour Millers Federation of India (RFMFI). In May, the government had allowed exports of 100 lakh tonne of sugar, but later allowed another 12 lakh tonne. This took the total export quota for 2021-22 marketing year to 112 lakh tonne. India's sugar exports stood at 70 lakh tonne in 2020-21 marketing year, 59 lakh tonne in 2019-20 and 38 lakh tonne in 2018-19. Earlier this month, sugar industry body ISMA had demanded that the government allow exports of 80 lakh tonne of sugar for 2022-23 marketing year in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala ha

India set to allow 5 mn tonnes of sugar exports in first tranche: Report

On Oct. 1, 2022, when the new season begins, mills' carryover stocks from the previous season are expected at 6 million tonnes against 8 million tonnes a year earlier

ISMA demands permission to export 8 MT of sugar in 2022-23 marketing year

Sugar industry body ISMA has demanded that the government should allow exports of 80 lakh tonnes of sweetener in the 2022-23 marketing year starting October in view of surplus production. Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal in this regard. In the current 2021-22 marketing year ending September, the government has allowed sugar exports of 112 lakh tonnes and mills are likely to ship the entire quantities. In May, the government had imposed restrictions on export of sugar beyond 100 lakh tonnes, but later allowed another 12 lakh tonnes of shipments, taking the total to 112 lakh tonnes for 2021-22. Sugar marketing year or season runs from October to September. "We would like to request the government to allow 80 lakh tonnes of exports for 2022-23 SS (Sugar Season) ...," the ISMA President said in the letter. As per preliminary estimate, Jhunjhunwala said the net sugar production,

India could approve sugar exports in two tranches from Oct: Report

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of farmers and consumers

India could soon approve sugar exports in two tranches, says report

Exports by India, which has restricted shipments in the current season, could weigh on global prices, and help swell supplies across Asia

Top Headlines: NDTV-Adani ownership battle, sugar exports, and more

New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard

Centre may allow 8 million tonnes sugar exports next season in two tranches

In the first tranche, market sources said exports of around 5 mt could be permitted. This could be expanded by another 2.5-3 mt only after assessing the price situation and supply-demand scenario

Essential to export 8 mt sugar next year: Triveni Engineering MD and V-C

Tarun Sawhney, MD & vice-chairman of Triveni Engineering, a leading sugar producer with growing emphasis on biofuels, tells S Dinakar sugar prices will be stable and on a slightly upward trajectory

Govt relaxes sugar export quota for 2021-22; allows extra 1.2 MT shipments

Sugar mills have already exported nearly 10 million tonnes so far -- an all-time high -- in the current marketing year. The industry has been demanding that the export cap should be enhanced.

World's food supply faces new threat after India's rice crop falters

The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation

Govt likely to notify 1.2 MT of additional sugar exports this season

The Centre is likely to allow an additional 1.2 million tonnes (MT) of sugar exports in the current season ending September 2022, according to government sources

Centre likely to allow 1.2 MT additional sugar exports this season

Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT

Sugar output may fall; still there'll be 8 mt surplus for exports: ISMA

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.