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Government extends sugar export deadline by 3 months till December

Government extends sugar export deadline by 3 months till December

The Food Ministry has extended the deadline for exporting 2 million tonne of sugar by three months to December as only a fourth of it has been shipped so far.

In March, the Government had allowed sugar export in view of record domestic output of 32 MT.

Mill-wise, Minimum Indicative Export Quotas (MIEQ) were allocated by the Ministry in May.

"The date of export of MIEQ allocated to sugar mills is extended by three months up to December 31," an official order said. Mills can export either sugar produced in the current 2017-18 season or the next 2018-19 season (October-September), it said.

As per the official data, only about 5 lakh tonne sugar has been exported so far. The shipments have been lower due to non-availability of raw sugar which is in demand in the global market.

Source:- Dailyshippingtimes.com

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