Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Indian mills waiting to export 1.5 million tonnes sugar after selling 8.5 mln tonnes.
Jun 03, 2022
India has exported around 8.5 million tonnes of sugar since the current season began on Oct. 1, with exporters likely to contract another 1.5 million tonnes for overseas sales in the next five months, trade and government sources said on Thursday.
India, the world's biggest sugar producer and consumer, on May 24 imposed restrictions on exports of the sweetener for the first time in six years by capping exports at 10 million tonnes.
The government also asked exporters to seek export permits, or authorisation, for any overseas shipments between June 1 and Oct. 31.
'Until the restriction to register cargoes with us came into place on June 1, mills exported about 8.5 million tonnes of sugar,' said a senior government official who didn't wish to be named as he was not authorised to speak to the media.
Another government official, who also declined to be identified, confirmed the shipments.
Global prices are attractive and sugar mills are keen to cash in on higher international rates but they are waiting for the government to issue export permits, traders said.
'Current global prices are attractive for exports and there is a huge demand for Indian sugar,' said a Mumbai-based dealer with a global trading house. 'India will be easily exporting 10 million tonnes.'
'Cane crushing is almost over and mills have already sold most of their raw sugar stocks, so in the coming months they will primarily be exporting white sugar,' the trader said.
Cane crushing in India begins in October and starts to taper off by April.
Traders are currently offering Indian raw sugar between $465 and $470 a tonne a free-on-board, and white sugar between $480 and $485 a tonne.
There is a strong demand for Indian sugar, especially from Iran, Indonesia, Bangladesh and the UAE (the United Arab Emirates,' said Rahil Shaikh, managing director of MEIR Commodities India, a trading house.
economictimes.indiatimes.com
Archive