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India set to permit sugar exports from Nov 1, but volume cap will continue until October 2023.
Nov 01, 2022
The Indian government is set to allow the resumption of sugar exports through permits from November 1 and as the first step to facilitate it, extended the volume cap on shipments until October 31, 2023.
Official sources said the Food Ministry will likely issue an order on the permits allotting mill-wise quota on Monday (October 31). At least 6 million tonnes (mt) of sugar will be allowed for exports to start with. The order, subject to clearance by authorities, will provide details on how export of sugar by each mill will be permitted.
In a notification issued late on Friday night, the Directorate-General of Foreign Trade said the restriction on sugar exports, which was initially imposed until October 31 capping shipments at 10 mt, will be in place until further orders or October 31, 2023 - whichever is earlier. The Government later allowed additional shipments of 1.2 mt. It has now extended the time to complete these shipments.
thehindubusinessline.com
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