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Govt cuts sugar export subsidy to Rs 4,000 a tonne on global price rise

The Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices.
However, trade sources said the move may not impact exports much, as of the existing quota of 6 million tonnes, around 5.7 million tonnes have already been contracted at the older subsidy rate of Rs 6.000 per tonne.
For the ongoing 2020-21 marketing year (October-September), the government had fixed a subsidy of Rs 6,000 per tonne to facilitate exports, improving the liquidity of mills and enabling them to clear cane price dues to farmers.
Sugar mills were mandated to export 6 million tonne of sugar in the current year. So far, 5.7 million tonne of the sweetener have been contracted for export. ....

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Sugar export: India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders

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. ....

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What export of extra 3,675 tonnes of sugar to UK means for industry

What export of extra 3,675 tonnes of sugar to UK means for industry
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Last Updated: Apr 15, 2021, 06:30 PM IST
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Synopsis
“It is a small event in terms of quantity, but a good event as it means extra export under the UK duty-free.”
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The Indian government has permitted export of an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota to the United Kingdom.
Sakthi Sugarson what it means for the sugar industry.
How are you looking at this news of sugar export to the UK? What would it mean for the sector?
It is more a sentimental thing because the amount is only 3,000 tonnes and India is looking at exporting 6 million tonnes. It is going duty-free because India has a quota of about 40-50,000 tonnes a year and the UK quota is 10,000 tonnes. That has now been increased to 13,000 tonnes this year. It is a small event in terms of quantity. But it is a good event and we get some en ....

United Kingdom , Sakthi Sugars , Et Now , Stock Market , Sugar Export , M Manickam , ஒன்றுபட்டது கிஂக்டம் , சக்தி சர்க்கரைகள் , மற்றும் பலர் இப்போது , ஸ்டாக் சந்தை , சர்க்கரை ஏற்றுமதி ,

Govt allows additional 3,675 tonnes of sugar export to UK

The additional quantity of 3,675.13 tonne of raw/refined sugar to be exported to UK under TRQ up to September 30 this year is notified, Directorate General of Foreign Trade said in a public notice ....

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Indonesia emerges largest buyer of India sugar in first quarter of 2021, says AISTA

Indonesia emerges largest buyer of India sugar in first quarter of 2021, says AISTA
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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.
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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. ....

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