ISMA vice-president Palani G Periyasamy said the government has taken this step with “extreme care”.
The Center has issued a notification to increase the limit of sugar export to 10 million tonnes in the current marketing year ending September in order to maintain domestic availability and price stability of sugar. The notification was issued by the Directorate General of Foreign Trade (DGFT) on the late night of 24 May.
With the special permission of the Directorate of Sugar under the Ministry of Food, the permission for export of sugar will be given from June 1 to October 31 this year or till further orders, whichever is earlier.
“Generally, we were planning to export around 90-95 lakh tonnes of sugar in the marketing year 2021-22 (October-September),” Periyasamy told PTI. So in that perspective, this prescribed limit will not have any significant impact on sugar exports. We will have adequate supply of sugar in the domestic market.
He denied any adverse effect of the decision on recovery of cost to the millers.
Periyasamy said the decision would not affect the domestic supply and price situation, which would be a good position.
He said that the decision of the government is also aimed at achieving the level of 20 percent blending of ethanol with petrol by the year 2025.
The Vice President of ISMA said that the government could have waited some more on the export policy.
All India Sugar Trade Association (AISTA) President Prafulla Vithlani welcomed the government’s move to limit sugar exports.
“It was a long-standing demand of AISTA that the closing stock of 6 million tonnes be kept at the end of the season i.e. September,” he said.
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