Sugar exports to cross 5 mt this year


Date & Time: 2020-02-24 14:27:00

The country’s sugar exports may cross 5 million tonnes (mt) in the current marketing year ending September. Global demand will be higher because of a production deficit of 8-9 mt, industry body Indian Sugar Mills Association (ISMA) said on Tuesday. However, this will still fall short of the 6 mt sugar exports goal set by the government under the Maximum Admissible Export Quota (MAEQ) to help deal with the glut in sugar production in the 2018-19 marketing year. In the last sugar season, India had exported 3.8 mt against the mandatory quota of 5 mt.