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Sugar export surges to 21.29 lakh tonnes this year, says AISTA

 

In a positive development for the economy, sugar export has surged to 21.29 lakh tonnes so far in the current marketing year ending September, as against about five lakh tonnes shipped in the entire 2017-18, said the All India Sugar Trade Association (AISTA) in a statement.

 

Moreover, of the 21.29 lakh tonnes exported between October 1 and April 6, raw sugar accounted for 9.76 lakh tonnes. Another 7.24 lakh tonnes is in the export pipeline, added the statement.

 

Bangladesh, Sri Lanka, Somalia, Afghanistan and Iran are the major export destinations, said a report.

 

It may be recalled that the Centre has asked mills to export 50 lakh tonnes of sugar in the 2018-19 marketing year (October-September), to liquidate the surplus stock. The government is providing various incentives to boost sugar exports.

 

India’s production of the sweetener is estimated to rise to a record 330 lakh tonnes in the 2018-19 marketing year from 325 lakh tonnes in the previous year, the report added.

 

Source: Exim News Service: New Delhi, May 14

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