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Govt permits export of 723 tons of more sugar to US under TRQ

22 Mar 2016 Evaluate

The government has permitted export of additional 723 tons of raw cane sugar to the US under the tariff rate quota (TRQ) up to September 30, 2016, which entitles shipments to low tariff rates, as per the data compiled by Directorate General of Foreign Trade (DGFT). DGFT, an arm of the Commerce Ministry, deals with export and import related activities.

Sugar exports from India, the world's second-largest producer, are likely see an over 80% jump to 20 lakh tons in 2015-16 marketing year, even as the production is set to drop by 9% .

Sugar production in India, second to the Brazil's, fell for the first time this year with output dipping to 221.30 lakh tons till March 15 as against 221.57 lakh tons in the year-ago period.

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