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Synopsis According to Praful Vithalani, chairman, All India Sugar Traders Association (AISTA), there will not be any major impact on the ongoing sugar exports as agreements for 57 lakh tonnes of sugar exports have been executed till May 19 nor there will not be any impact on domestic prices as these are controlled by the monthly release mechanism. Agencies According to trade estimates, the government will be able to save an outgo of Rs 60 crore of the sugar export subsidy. The central government today slashed the amount of subsidy given for sugar export by one third from Rs 6000/tonne to Rs 4000/tonne. As the industry has completed export of 95% of the sugar export quota of 60 lakh tonnes, the decision will not have any major adverse impact on the country s sugar exports. The industry is confident about continuing exports under the open general license (OGL) category thanks to better realisation from exports. ....
India exports 2.49 million tonne of sugar so far, maximum to Indonesia: AISTA SECTIONS Last Updated: Apr 12, 2021, 04:20 PM IST Share Synopsis Mills have contracted to export 3.33 million tonnes of sugar so far as against the 6 million tonnes quota assigned by the food ministry, All India Sugar Trade Association (AISTA) said in a statement. Agencies With five months still left for the 2020-21 marketing year to end, the association feels the mills have the potential to fulfil their export commitments. Sugar mills have exported 2.49 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Monday. Mills have contracted to export 3.33 million tonnes of sugar so far as against the 6 million tonnes quota assigned by the food ministry, All India Sugar Trade Association (AISTA) said in a statement. ....
Indonesia emerges largest buyer of India sugar in first quarter of 2021, says AISTA SECTIONS Share Synopsis Indian government had announced a scheme in January 2021 to incentivise exports and thus reduce the surplus sugar in the domestic market. The scheme was meant to help the sugarcane growing farmers as it assumed that the sugar mills will pay their bills on time when the sugar prices in the domestic market improve on clearing the excess stocks. Getty Images So far, during the first three months since the scheme became applicable, Indonesia has emerged as the top importer of Indian sugar accounting for 38% share of the total sugar dispatched. ....
Sugar exports may drop 24 pc this year due to logistics issues: Trade body AISTA SECTIONS Last Updated: Feb 11, 2021, 06:45 PM IST Share Synopsis Sugar mills had exported 5.7 million tonnes of sugar against the mandatory quota of 6 million tonnes set for the 2019-20 season (October-September). AISTA said its crop committee, which reviewed the country s sugar production for this year, has reported export of sugar in the current season to be around 4.3 million tonne. The exports are likely to less than last year due to the logistics constrains. Getty Images NEW DELHI: India s sugar exports may drop over 24 per cent to around 4.3 million tonnes in the current marketing season 2020-21, due to logistics constrains and less chances of shipments to Iran, trade body All India Sugar Trade Association (AISTA) said on Thursday. AISTA pegged sugar output to be higher at 29.9 million tonnes in the current 2020-21 marketing season (October-September), against 27.40 ....