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Mannady,
Chennai - 600001

Tel : +91 44 30400798
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Friday, January 13, 2012

Sugar Exports permit deadline extended

Sugar mills that ship out the commodity from their respective production units can now apply for permits until January 31, while those exporting from external sources can apply until February 15.  The extension comes as a result of the Food Ministry granting an additional month to mills and factories applying for permits against an export quota, giving them more time to adapt to the slow rise in global demand for the sweetener.

As per the quota, mills and cooperatives in Mahashtra have been permitted to export a maximum of 3,65,824 tonnes per year.  Similarly, units in Uttar Pradesh and Karnataka have been allowed to ship out 2,54,428 tonnes and 1,35,903 tonnes per year, respectively.  A Major recent blow to sugar supplies was on account of the delay in cane crushing in Maharashtra, which overshot the usual period of early November by two weeks.  In November last year, an empowered Group of Ministers headed by the Finance Minister, Mr.Pranab Mukherjee, had approved sugar exports up to one million tonnes under open general licence.