Friday, January 17, 2025
spot_imgspot_imgspot_imgspot_img
spot_img
HomeUncategorizedIndia exports 939,000 tonnes of sugar so far this marketing year: AISTA

India exports 939,000 tonnes of sugar so far this marketing year: AISTA

Sugar mills have exported 9.39 lakh tonnes of the sweetener till the first week of December during the ongoing 2021-22 marketing year that started from October 1, and are not in hurry to sell further stock in view of sluggish global price trend, trade body AISTA said on Tuesday.

About 4.68 lakh tonnes of sugar is in transit, the All India Sugar Trade Association (AISTA) said in a statement.

Mills have contracted to export 33 lakh tonnes of sugar without the government subsidy so far in the 2021-22 marketing year, it added.

The sugar marketing year runs from October to September. Sugar exports this year are being undertaken without the government subsidy.

According to AISTA, mills have exported a total of 9,39,435 tonnes of sugar from October 1 to December 6, 2021.

“Indian mills are not in a hurry to sell sugar as previous sales are yet to be executed. Also, they do not like the current global prices, which shall have to move up to attract more Indian sales,” AISTA said.

The highest export deals have been undertaken by mills in Maharashtra. Mills in this state are facing huge logistics problems. As such, there are acute transportation problems both by railways and road, it added.

During the marketing year 2020-21, the country had exported a record 7.23 million tonnes of the sweetener. The maximum shipments were undertaken with the help of government subsidy.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

The above news was originally posted on www.business-standard.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
RELATED ARTICLES
- Advertisment -spot_imgspot_imgspot_img

Most Popular

WP2Social Auto Publish Powered By : XYZScripts.com