“ Sugar industry is appreciative of Government’s decision to allow sugar export of 60 lakh tons, under the quota scheme. ISMA has been requesting the Government to allow sugar export in 2022-23 SS under the tradable quota scheme, which was accepted by the Government. The sugar industry is grateful to the Government for the same. This will ensure transparency in sugar exports. Also, the fact that Government has allowed sugar mills to exchange their export quota with domestic quota of any other sugar mill within 60 days from the date of issuance of the order, will ensure liquidation of the surplus stock, and mills will be able to generate revenue from it thereby ensuring timely cane payment to farmers.
In the press release issued by ISMA dated 17th October 2022, the sugar industry had requested the Government to allow export of 90 lakh tons of sugar, considering the expected total sugar stocks availability in the country.
Sugar industry is confident that Government will allow sugar export of additional 30 lakh tons. This would ensure steady domestic prices, enabling timely cane price payment to farmers and lower inventory levels ensuring there are no additional costs incurred by mills.”