In the current 2012 - 13 marketing year that started this month, the government will continue the free sugar export policy. The government has decided to extend the time for sugar export under open general licence (OGL) for another year. The government has taken this step as the sugar production in the country is expected to be higher than domestic demand.
From May to September 2012, the sugar exports were kept under the OGL. The above decision was taken jointly after Food Minister K.V. Thomas met Agriculture Minister Sharad Pawar and discussed many issues on the sugar sector including the Rangarajan report on decontrolling the sugar sector. They also agreed that the government would not adopt switch-on and switch-off trade policy on farm items.
On sugar production, it is estimated that the output in the 2012-13 marketing year (October - September) period would be in range of 23 - 23.5 million tonnes (MT) compared to 26 MT in the previous year while the country’s annual domestic demand is 22 MT. In the last marketing year, India which is the world’s second largest producer and biggest consumer exported about 3.5 MT of sweetener.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: