Government rejects sugar export requests for 2023-24 season

Union government has dismissed possibility of permitting sugar exports for current season, defying persistent demands from industry. Despite requests from Indian Sugar Mills Association (ISMA) to allow exports of 10 lakh tonnes of sugar, government has maintained curbs on sugar exports for an indefinite period.

According to a senior food ministry official speaking to PTI, government is currently not considering sugar exports, despite industry's appeals. This decision comes even as industry anticipates a healthy closing stock by end of season.

As per recent data, India's sugar production has exceeded 30 million tonnes until March of ongoing 2023-24 season. ISMA has revised its net sugar production estimate for season to 32 million tonnes, while government has projected sugar output to range between 31.5-32 million tonnes.

Despite government's stance on sugar exports, re are considerations to allow sugar mills to utilize excess stock of B-heavy molasses for ethanol production this year. This move underscores government's efforts to dress surplus sugar stocks and promote alternative uses for sugarcane by-products.

government's decision to reject sugar export requests reflects its cautious approach to managing domestic sugar supplies and balancing interests of various stakeholders in sugar industry. While industry continues to vocate for export opportunities to alleviate surplus stocks, government's focus remains on ensuring stability and sustainability within sugar market.

(With PTI inputs)