New Delhi: The Gujarat High Court has rejected the revenue department’s contention that sugar exports under quota were under restricted category and not eligible for benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme. The high court order comes as a relief to sugar exporters. Revenue authorities had denied benefits under … Read more
Sugar production of Maharashtra, the top sugar producing state of the country, is set to decline by about 6-7% in the ongoing 2022-23 sugar season, which may dim chances of more sugar exports from India. Lower yield of sugarcane per acre due to erratic monsoon and more diversion of sugar for ethanol production cut sugar … Read more
Navy chiefs of Quad countries meet in Japan ahead of Malabar multilateral exercise The Navy chiefs of India, Australia, Japan, and the U.S., the four countries which comprise the Quadrilateral (Quad) grouping, met in Japan on November 5, 2022, and exchanged views on “further enhancing inter-operability” in future editions of the Malabar multilateral naval exercise. … Read more
West Indian Sugar Mills Association (Wisma), a body of sugar millers in Maharashtra, has urged the central government to announce export policy for the next sugar year starting October 1, saying this will help millers sign forward contracts for raw sugar exports. In a letter to food and public distribution minister Piyush Goyal, Wisma said … Read more
India’s sugar exports are estimated to increase 15.38 per cent year-on-year to 7.5 million tonnes (MT) in the current marketing year 2021-22, on likely rise in demand for the Indian sweetener amid the possibility of a global deficit, industry body ISMA said on Friday. The country has physically exported 4.2 MT of sugar till February … Read more
India’s sugar exports during October-December period jumped nearly four-fold to 17 lakh tonnes on higher demand from overseas, according to industry body ISMA. So far, 38-40 lakh tonnes have been contracted by mills for exports. Mills are now waiting for global prices to improve for further contracts. Sugar marketing year runs from October to September. … Read more
New Delhi: The food ministry has sought Rs 5,600 crore to clear export subsidy dues of sugar mills. The government gives a subsidy of Rs 10,448 for the export of every tonne of sugar. Exports in the current season are estimated to be 5.7 million tonnes, but officials said very little subsidy has been paid … Read more