Sugar export ban reflects a policy problem
India’s sugar policy is slipping into a familiar pattern. When production rises, exports are encouraged. When supply tightens, exports are restricted.
India’s sugar policy is slipping into a familiar pattern. When production rises, exports are encouraged. When supply tightens, exports are restricted.
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Kenya on Tuesday imposed a ban on sugar imports from outside the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC), two regional trade blocs, citing an increase in local production.
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The Central Government has prioritized the availability of about 275 Lakh Metric Tonnes (LMT) of sugar for domestic consumption, about 50 LMT sugar for diversion to ethanol production, and has a closing balance of about 60 LMT as of 30.09.2023.
In order to stabilize sugar prices and also the financial positions of sugar mills in the country, the Centre has allowed the export of sugar up to 60 lakh metric tonnes (LMT) during the sugar season 2022-23.
As against a projected sugar production of over 100 MT in the upcoming crushing season (2022-23), the state's own consumption is likely to remain at 40 MT, leaving a vast chunk of sugar to remain stored in the mills if the state fails to push its stock in the national market, sources said.
As per an order issued by the Directorate General of Foreign Trade (DGFT), with effect from 1 June 2022 till 31 October 2022, or till further order, the export of sugar will be allowed with specific permission of the Directorate of Sugar, Department of Food & Public Distribution.
The arms and ammunition seized during the raid included among other things three 7-MM pistols, seven magazines, 43 rounds of 7-MM ammunition, and a currency note counting machine.
