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Stringent export cap for new sugar season raises risk quotient

News reports say the government is lowering the amount of sugar that can be exported in the new sugar season. Mills won’t be happy

June 21, 2022 / 01:37 PM IST
Stringent export cap for new sugar season raises risk quotient

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India’s sugar estimates are rising as the crushing season enters its final stages but then comes news that the government is considering a more stringent cap on sugar exports in the new season. What gives? Around a fortnight ago, the Indian Sugar Mills Association revised its output estimate to 36 million tonnes, up from its estimate of 35 million tonnes made in April 2022 and much higher compared to the previous year’s output of 31 million tonnes. Thus, there is...

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