The Central Government has directed sugar mills across the country to export speedily to make an early payment to farmers.
In a statement issued on Sunday Ministry of Consumer Affairs, Food and Public Distribution stated, “At the end of Sugar Season 2022-23, it is expected that most of the sugar mills will be able to sell their products either in the domestic market or in the international market through exports and will clear the cane dues of farmers in time. Thus, the policy has created a WIN-WIN situation for sugar mills in the country.” The statement comes after the government allowed the export of 6 million tonnes of sugar on a quota basis during the sugar season (SS) 2022-23 as another measure to balance the price stability of sugar in the country and the financial positions of sugar mills in the country, based on initial estimates of sugarcane production.
“The Directorate General of Foreign Trade (DGFT) has already notified to extend the inclusion of sugar exports under the ‘Restricted’ category up to October 31, 2023,” the ministry said.
According to the official information given by the Department of Food and Public Distribution (DFPD), the Central Government has prioritized the availability of about 275 lakh metric tonnes (LMT) of sugar for domestic consumption, about 50 LMT of sugar for diversion to ethanol production and to have a closing balance of about 60 LMT as on September 30, 2023.(ANI)
The pic used in the story is a file photo
