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Indian sugar exports increase to 17.44 lakh tonnes this year so far

12 Apr 2019 Evaluate

India, the world's second largest producer of cane sugar, has exported about 17.44 lakh tonnes sugar so far in the current marketing year ending September, as against about 5 lakh tonnes shipped in the entire 2017-18. Out of 17.44 lakh tonnes nearly 8 lakh tonnes comprises raw sugar.

Total sugar export contract so far is around 27 lakh tonnes, out of which 21.7 lakh tonnes have been dispatched from mills. The major export destinations of India are Bangladesh, Sri Lanka, Somalia and Iran.

India’s sugar output is likely to dip about 310 lakh tonnes this marketing year from last year's 325 lakh tonnes. While, country's domestic consumption is only around 260 lakh tonnes and mills are carrying a huge stock from the previous year.

The government is providing various incentives to boost sugar exports, and has asked mills to export 50 lakh tonnes of sugar in 2018-19 marketing year (October-September) to liquidate surplus stock.

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