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This is an archive article published on March 22, 2011

EGoM nod for sugars exports of up to 5 lakh tonnes

An empowered group of ministers (EGoM) on food decided to allow sugar exports of up to five lakh tonnes.

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An empowered group of ministers (EGoM) on food decided to allow sugar exports of up to five lakh tonnes as production this year is set to exceed the domestic demand,official sources said.

Earlier,the food ministry had allowed and notified five lakh tonnes of export under Open General Licence (OGL). The decision was,however,kept on hold in view of high inflation and the matter was soon referred to the EGoM.

The EGoM,headed by Finance Minister Pranab Mukherjee,met on Tuesday and decided to allow normal sugar exports not exceeding five lakh tonnes,sources added.

India’s sugar production is estimated at 24.5 million tonnes in 2011-12 sugar year (October-September) against 18.8 million tonnes in the previous year. The annual demand is pegged at 22 million tonnes.

The government had earlier allowed mills to meet their export obligations of about one million tonnes under the Advance Licence Scheme (ALS).

Agriculture Minister Sharad Pawar had earlier written to Finance Minister Pranab Mukherjee stating that sugar export should be allowed to prevent a situation of cane arrears to farmers.

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