Sugar exports surge to 17.44 lakh tonnes this year so far: Industry data
The country’s sugar exports surged to 17.44 lakh tonnes so far in the current marketing year ending September, as against about 5 lakh tonnes shipped in the entire 2017-18, industry data showed Thursday.
Out of the 17.44 lakh tonnes exported between October 1 and April 6, raw sugar accounted for nearly 8 lakh tonnes, the All India Sugar Trade Association (AISTA) said in a statement.
Another 4.3 lakh tonnes are in the export pipeline, it added.
Total sugar export contract so far is around 27 lakh tonnes, out of which 21.7 lakh tonnes have been dispatched from mills, AISTA CEO R P Bhagria told .
India had exported around 5 lakh tonnes of the sweetener in the last marketing year amid lower prices in the global markets, which made Indian shipments uncompetitive.
Bangladesh, Sri Lanka, Somalia and Iran are the major export destinations, AISTA added.
The Centre has asked mills to export 50 lakh tonnes of sugar in 2018-19 marketing year (October-September) to liquidate surplus stock. The government is providing various incentives to boost sugar exports.