In order to increase availability of the commodity in the domestic market, the Centre has extended restrictions on the export of sugar by a year till October 31 next year. The sugar export ban was imposed till October 31 this year earlier.
“Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till October 31, 2023, or until further orders, whichever is earlier. Other conditions will remain unchanged,” the Directorate General of Foreign Trade (DGFT) said in a notification dated October 28.
The DGFT, however, informed that the curbs will not be applicable on sugar being exported to the EU and the US under CXL and TRQ duty concession quotas. A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota).
It is worth mentioning here that India has been the highest producer and the second largest exporter of sugar in the world in the current year. The Ministry of Consumer Affairs, on October 5, said the sugar season 2021-22 has proved to be a watershed season for Indian Sugar Sector.
All records of sugarcane production, sugar production, sugar exports, cane procured, cane dues paid and ethanol production were made during the season, it said.
Another shining highlight of the season is the highest exports of about 109.8 LMT that too with no financial assistance which was being extended up to 2020-21. These exports earned foreign currency of about Rs 40,000 crores for the country.
Supportive international prices and Indian Government Policy led to this feat of Indian Sugar Industry, the ministry added.
