Sugar mills export 17 lakh tonne of 27-lakh-tonne deal
Sugar mills have shipped nearly 17 lakh tonne of sugar during the current season which commenced on October 1, 2018, a major trade body has said.
The country’s mills have contracted to export 27 lakh tonne of the sweetener, Praful Vithalani, president of the All India Sugar Trade Association, said, adding that sugar exports have risen three times over the previous year from October to April. This includes 8 lakh tonne of raw sugar, according to market reports. Although this may seem only 50% of the quota allotted by the Centre, the exports have gone up three times as compared to the same period of the previous year, he said.
The Centre had allocated a quota of 50 lakh tonne from October 2018 to April 2019. Of this, 17 lakh tonne had been already shipped to destinations, including Bangladesh, Sri Lanka, Somalia, Iran and Sudan, he said. The export of nearly 4.5 lakh tonne is in process, association members said. Of the 27 lakh tonne of exports which have been contracted, nearly 22 lakh tonne have been dispatched by mills for exports. This means some 5 lakh tonne were either in waiting at ports, refineries, or in transit, he said. Last year, 5 lakh tonne were exported during the same period.