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Govt asks sugar mills to export speedily to make early payment to farmers

The food ministry noted that sugar mills will have lesser operating cost like storage costs and working capital costs

November 06, 2022 / 03:08 PM IST
Representative image.

Representative image.

Government of India has directed sugar mills in the country to export speedily to make early payment to farmers.

In a notification issued by Ministry of Consumer Affairs, Food & Public Distribution on November 6, the government stated that at the end of sugar season 2022-23, "it is expected that most of sugar mills will be able to sell their production either in domestic market or in international market through exports and will clear the cane dues of farmers in time."

The statement comes after the Centre allowed export of 6 million tonnes of sugar on quota basis in order to balance the price stability of sugar in the country and the financial positions of sugar mills in the country. The Directorate General of Foreign Trade (DGFT) has already notified to extend the inclusion of sugar exports under ‘Restricted’ category up to October 31, 2023, it added.

As per the food ministry's notification, the government has allocated a uniform export quota of 18.23 percent of the three years' average production of the sweetener in operational sugar seasons.