Sugar mills in the country will be assigned export quota to manage surplus production
Pune: For the second consecutive year, the sugar production has been in surplus making the quantity available to us a record-breaking 145 Lakh tonnes. To manage the surplus, it is necessary to export 60 to 70 lakh tonnes of sugar. Under this premise, Sugar Federation of India informed the sugar factories in the country that they will be provided quota for export. To facilitate the export they will be given special concessions.
In the current season, the production of sugar has been 3.3 million tonnes, which is a record in itself. The same quantity was produced during last year's season. The country's annual consumption of sugar is around 25 lakh tonnes. Last year's surplus quantity when combined with this year's, there will be 145 lakh tonnes of sugar available to us, at the beginning of the season, on 1 October 2019. Therefore, it is necessary to export 60 to 70 lakh tonnes of sugar from the country.
Context - Lokmat, 13 July 2019
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