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Govt of India expected to reduce sugar export quota

3 Oct 2022 9:12 am
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New Delhi, October 3 (Commoditiescontrol) The government of India is expected to slash sugar export quota by 29% for the new marketing year that started on October 1 to keep domestic supplies steady, as per a report.



It could cap sugar exports at just eight million tonne in 2022-23, compared with estimated despatches of 11.2 million tonne in the recently concluded marketing year, FE reported quoting a top source.



“The exportable surplus for 2022-23 is going to be to the tune of eight million tonne. The food ministry will soon take a call on whether to put the entire amount under the open general licence,” he said.



In May, the government announced an export cap of 10 million tonne for 2021-22 to control domestic prices. Later it allowed export of another 1.2 million tonne.


       
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