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India’s sugar exports see significant surge

 

Sugar exports from India have skyrocketed to a significant 17.44 lakh tonnes so far in the current marketing year ending September, as against about 5 lakh tonnes shipped in the entire marketing year 2017-18, according to the All India Sugar Trade Association (AISTA).

 

Of the 17.44 lakh tonnes exported between October 1 and April 6, raw sugar accounted for nearly 8 lakh tonnes, the Association further said. Another 4.3 lakh tonnes are in the export pipeline, it added.

 

"Total sugar export contract so far is around 27 lakh tonnes, of which 21.7 lakh tonnes have been despatched from mills," AISTA CEO, Mr R. P. Bhagria, informed.

 

India had exported around 5 lakh tonnes of the sweetener in the last marketing year amid lower prices in the global markets which made the shipments uncompetitive.

 

Bangladesh, Sri Lanka, Somalia and Iran are the major export destinations, reports said.

 

Source : Exim News Service - NEW DELHI, April 14

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