NEW DELHI: The govt on Monday partially lifted the “restriction” on export of sugar after almost 31 months by permitting mills to ship 10 lakh tonnes for the 2024-25 season ending Sept, a move that will support the industry.
However, nearly two dozen sugar mills have been barred from exporting their stock as they had violated rules by selling excess sugar in the domestic market than their allotted monthly quantity.
The food ministry has put out detailed guidelines for mill-wise allocation of 10 lakh tonnes export quota. The decision came barely days after the govt reduced the reserve price of rice stored with the FCI from Rs 2,800 a quintal to Rs 2,250 for sale to state govts, their corporations, and ethanol distilleries.