Government allows export of 2 million tonne of sugar
29.03.2018
The government has allowed export of two million tonne of sugar until the end of 2017-18 marketing year, in order to clear surplus stocks and improve cash flow to millers for making payment to sugarcane farmers.
It has also allowed export of white sugar till September 2018 under the Duty Free Import Authorisation (DFIA) scheme, under which exporters are allowed to import sugar at zero duty within two years.
Sugar mills owe Rs 13,899 crore to cane growers as on March 21 of the current marketing year (October-September), according to official data.
In its latest order, the food ministry has allowed export of two million tonne of all grades of sugar under the Minimum Indicative Export Quota (MIEQ) scheme in the current marketing year.
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