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India’s sugar exports jump to 21.29 lakh tonne so far in 2018-19 marketing year

13 May 2019 Evaluate

The All India Sugar Trade Association (AISTA) in its latest data has showed that India’s exports of sugar jumped to 21.29 lakh tonne so far in the current marketing year (October 2018-September 2019). In the entire 2017-18, the country shipped about 5 lakh tonnes sugar amid lower prices in the global markets, which made Indian shipments uncompetitive. Bangladesh, Sri Lanka, Somalia, Afghanistan and Iran are the major export destinations.

As per the data, out of the 21.29 lakh tonnes exported between October 1 and April 6, raw sugar accounted for 9.76 lakh tonnes, while another 7.24 lakh tonnes of sugar is in the export pipeline. Besides, total sugar export contract so far is around 30 lakh tonnes, out of which 28.53 lakh tonnes has been dispatched from mills.

The Centre has asked mills to export 50 lakh tonnes of sugar in 2018-19 marketing year to liquidate the surplus stock. The government is providing various incentives to boost sugar exports. India's sugar production is estimated to rise at record 330 lakh tonnes in 2018-19 marketing year from 325 lakh tonnes in the previous year.

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