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ATM News Network: India, the world's second largest sugar producer after Brazil, may export an additional 1 million tonnes of sugar if domestic production reaches an estimated 33.6 million tonnes this year, a senior food ministry official said.
The government will take a decision next month on allowing more exports after assessing the domestic sugar production, he added. The news of this content has been published by Apeda with reference to The Economics Times.
Availability of sugar in the country is satisfactory and wholesale and retail prices have been falling in the last one month. The food ministry has allowed the export of 6 million tonnes of sugar for the current 2022-23 marketing year (October-September).
Last year, India exported a record 11 million tonnes of sugar. Sugar production has already reached 24.7 million tonnes till February of the current marketing year 2022-23. Factories have sent 4.3 million tonnes of sugar for export so far this year, he said.
Sugarcane sieving in the country is likely to end by next month. He added that the government will review the exports after evaluating the final production figures.
According to the food ministry, the country's sugar production for the 2022-23 marketing year is estimated at 33.6 million tonnes due to a decline in sugar production in the top three producing states.
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(Except for the headline, this story has not been edited by ATM staff and is published from a web feed.)
