Govt. imposes curbs on sugar exports from June 1

TIL Desk/Business/New Delhi/ The government on Tuesday imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise.

“Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards,” the Directorate General of Foreign Trade said in a notification.

However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ.  A specified amount of sugar is exported to these regions under CXL and TRQ.

In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has decided to regulate the sugar exports with effect from June 1.

“The government has decided to allow export of sugar up to 100 lakh metric tonne with a view to maintain the domestic availability and price stability during the sugar season 2021-22 (October-September),” it said.