An empowered group of ministers (EGoM) will decide on allowing further export of up to 1 million tonne (MT) of sugar in the ongoing marketing year ending September, Food Minister KV Thomas said.
'EGoM will meet soon to decide allowing further exports of up to 1MT of sugar in the ongoing marketing year,' Mr Thomas said.
The government has already allowed 2MT of sugar exports in the 2011-12 marketing year in two equal tranches, as the country's
sugar output is all set to exceed domestic consumption.
Mr Thomas said the EGoM headed by Finance Minister Pranab Mukherjee will meet soon.
Recently, Agriculture Minister Sharad Pawar, too, had said there was a scope for additional 1MT of sugar exports.
Based on the inputs of Cane Commissioners of all sugar producing states, the food ministry recently revised upwards the sugar production estimates to about 25.2MT from the earlier projection of 24.6MT for this marketing year.
The annual domestic demand is seen at 22MT.
However, the industry has pegged the sugar output at 26MT in 2011-12 against 24.3MT in the previous year.
India, the world's second largest producer of sugar and biggest consumer, had exported 2.6MT of sugar in the previous marketing year.
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'EGoM will meet soon to decide allowing further exports of up to 1MT of sugar in the ongoing marketing year,' Mr Thomas said.
The government has already allowed 2MT of sugar exports in the 2011-12 marketing year in two equal tranches, as the country's
sugar output is all set to exceed domestic consumption.
Mr Thomas said the EGoM headed by Finance Minister Pranab Mukherjee will meet soon.
Recently, Agriculture Minister Sharad Pawar, too, had said there was a scope for additional 1MT of sugar exports.
Based on the inputs of Cane Commissioners of all sugar producing states, the food ministry recently revised upwards the sugar production estimates to about 25.2MT from the earlier projection of 24.6MT for this marketing year.
The annual domestic demand is seen at 22MT.
However, the industry has pegged the sugar output at 26MT in 2011-12 against 24.3MT in the previous year.
India, the world's second largest producer of sugar and biggest consumer, had exported 2.6MT of sugar in the previous marketing year.
....more info