Thursday, June 23, 2011

Food EGoM to make Decision on Export of sugar today

The Empowered Group of Ministers (EGoM) on food is meeting on Thursday (June 23) to decide on allowing more exports of sugar.

The meeting has reportedly been called at the behest of Mr Sharad Pawar, Union Agriculture Minister, who wants the government to permit exports of an additional one million tonnes of the commodity. Sugar mills too have sought permission to export more of the sweetener as production is expected to rise in the next season from October.

The country's sugar production is estimated at 24.2 million tonnes in the 2010-11 season, compared to 18.8 million tonnes in the previous season. In 2011-12, it is estimated to be 26-26.5 million tonnes.

India is the second-largest producer and the biggest consumer of sugar in the world.

No comments: