January 4, 2021
ChiniMandi | https://bit.ly/3bkklMU
Government of India announced the sugar export programme on 16th December, 2020. Mill wise export quota was announced on 31st December, 2020. Considering that the world sugar prices were better in December 2020 as compared to what it was in September 2019, when the Govt. had announced last year’s export programme for 2019-20, the export subsidy for the sugar exports has been restricted by the Govt. at Rs.6000 per ton. This is despite the fact that the actual expenses incurred on internal transport, ocean freight and marketing and promotion charges are much higher.
Sugar production in the second largest sugar exporting nation i.e. Thailand, is almost 80-90 lac ton less than what they usually produce. Therefore, India has an opportunity to export its sugar to the Asian importing countries, especially Indonesia and Malaysia, in addition to its own traditional markets in Middle East, Sri Lanka, Bangladesh, East Africa etc. India has a good opportunity to contract and export sugar till about March-April 2021, by when Brazilian sugar comes into the market.