India: Sugar exports under OGL after receiving final output figures: Govt

The Government has said it will look at the prospects of allowing additional sugar exports under the Open General Licence (OGL) after receiving final production figures for the current season (October-September).

“Let the final output come, we will review it,” the Food Secretary, Mr B.C. Gupta, told reporters today when asked whether the Government will allow more sugar exports under OGL.

The country has started allowing sugar exports in 2010-11 season as the domestic production is expected to outstrip demand.

Initially, the Government allowed mills to fulfil the export obligation of nearly one million tonnes under the Advance Licence Scheme. Recently, export of 5,00,000 tonnes of sugar export under the OGL was also allowed.

The Government has estimated sugar output in the ongoing 2010-11 season at 24.5 mt against the demand of 22 mt.

During the current season, mills have produced 21.8 mt of sugar till February 15 against 17.58 mt in the same period last season, as per industry data.

Sugarcane crushing in Maharashtra, the country’s top sugar producing state, is still continuing, while it is drawing close in Uttar Pradesh, the second biggest producing state.

In a latest report, the US Department of Agriculture has observed that India, the world’s second biggest sugar producer, may export around 8,00,000 tonnes of sugar in the current season considering expected surplus production.

Inscreva-se e receba notificações de novas notícias!

você pode gostar também