The Union Meals Ministry has additionally determined to take away 50 per cent export responsibility on molasses, he stated in a letter dated November 7 to Karnataka Chief Minister Siddaramaiah.
The export resolution was communicated to the chief minister whereas itemizing out the steps taken by the central authorities to guard the curiosity of sugarcane farmers within the nation.
“For the present sugar season additionally, the central authorities has determined to permit export of 15 lakh tonne of sugar and 50 per cent export responsibility on molasses has been eliminated,” Joshi stated.
The export allocation is decrease than the two MT demanded by the trade.
India exported about 8,00,000 tonnes of sugar towards an allocation of 1 MT through the 2024-25 sugar season that led to September. Meals Secretary Sanjeev Chopra stated just lately the federal government was contemplating permitting sugar exports on account of accumulation of surplus shares as diversion of the sweetener for ethanol manufacturing fell wanting expectations. Sugar mills diverted solely 3.4 MT of sugar for ethanol manufacturing in 2024-25, effectively beneath the projected 4.5 MT, leading to excessive opening shares for the present season, he stated.
Sugar manufacturing for 2025-26 is predicted to achieve 34 MT towards annual home demand of 28.5 MT, Chopra stated.
