Tridge summary
India's sugar exports for the 2021-22 season are expected to face challenges due to increased production in Thailand, instability in Afghanistan, and currency shortage in Sri Lanka. The country plans to divert 3.5 million tonne and 6 million tonne of sugar for ethanol production and exports respectively. The government does not plan to provide any assistance for exports this season and urges the industry to educate consumers to increase sugar consumption.
The food secretary also urged for a proper pricing policy in the sugar sector, which is crucial for over 50 million farmers. The government expects to export nearly 6 million tonne in the 2021-22 season to liquidate surplus sugar.
The food secretary also urged for a proper pricing policy in the sugar sector, which is crucial for over 50 million farmers. The government expects to export nearly 6 million tonne in the 2021-22 season to liquidate surplus sugar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Secretary for Food and Public Distribution, Sudhanshu Pandey, on Tuesday said that sugar exports from India may face challenges in the 2021-22 season even though 1.8 million tonne had already been contracted at the start of the season itself.Addressing the All India Sugar Traders Association (AISTA) on global sugar, he said that last year India was able to export 7.2 million tonne of the sweetener to various destinations and almost 50% of this went to three countries — Indonesia, Afghanistan and Sri Lanka.“These countries have different dynamics this year. Thailand’s production is likely to go up this time and so Thailand sugar will try to find its lost market in Indonesia. Indian sugar will have to compete for Indonesia market again. Instability in Afghanistan may impact our exports to the country and Sri Lanka has a huge foreign currency shortage. And therefore, a new arrangement will have to be thought of by the industry so that export market is also served,” he ...
Source: Financialexpress
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