The export policy for the next sugar season will be announced soon. Food Secretary Sudhanshu Pandey gave this information today. Sugar season in the country starts in October. The Secretary said on the sidelines of the 82nd General Meeting of Roller Flour Millers Federation of India (RFMFI) that the government would soon announce the sugar export policy for the next session. However, he did not give any information about how much sugar would be exported for 2022-23. With the increase in exports, the industry gets better income, which improves the economic condition of the sector and helps in clearing the dues of the farmers. For this reason, the export policy of the industry is constantly monitored.
Growing sugar exports
The government is continuously increasing the export of sugar. The government had allowed the export of 100 lakh tonnes of sugar in May. Later it was increased to 12 lakh tonnes. With this, the total export quota for the sugar season 2021-22 has gone up to 112 lakh tonnes. India's sugar exports stood at 70 lakh tonnes in the sugar season 2020-21, 59 lakh tonnes in 2019-20, and 38 lakh tonnes in 2018-19. Earlier this month, the sugar industry body ISMA had demanded that the government look at surplus production. Allow export of 8 million tonnes of sugar in the marketing year 2022-23. Indian Sugar Mills Association (ISMA) President Aditya Jhunjhunwala wrote a letter to Food and Consumer Affairs Minister Piyush Goyal in this regard.
World eyes on sugar policy
Not only the domestic industry, but the eyes of the world are also on India's export policy. India ranks among the top sugar producers in the world. In such a situation, the production and export policy of sugar in India affects the direction of supply and prices around the world. The global sugar supply chain was affected by India's ban on sugar exports in June. The government had taken this decision to maintain the supply of sugar during the festive season. The new sugar export policy will indicate what the government is thinking about domestic demand and production.