Comments
The Government on Tuesday notified its decision to allow five lakh tonnes of sugar exports, nearly a month after its approval by the panel of Ministers. On March 22, the Empowered Group of Ministers on food had allowed export of five lakh tonnes of sugar under the open general licence as the country's sugar production is estimated to outstrip demand after a gap of two years. Out of the five lakh tonnes, the Food Ministry has reserved 51,500 tonnes for neighbouring countries and the remaining quantity would be allocated among the mills based on their last three year's average production, a senior official said. Mills would have to undertake exports within 60 days after they get release order from the Ministry, he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.