Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India's sugar exports surge 50% to a record level of 5.7 million tonne this month.

Date: 09-09-2020
Subject: India's sugar exports surge 50% to a record level of 5.7 million tonne this month
New Delhi: India’s sugar exports will rise 50% to a record of over 5.7 million tonnes in the season ending this month, helped by the depreciated rupee, subsidy and lower output from rival suppliers.

The government expects the robust performance to continue in the next season also.

“We have contracted 5.7 million tonnes out of which 5.5 million tonnes have been already dispatched from mills. We expect contracts of further 5-6 lakh tonnes before the season ends,” said Subodh Kumar Singh, joint secretary, food ministry. India had a target to export 6 million tonnes.

He said that the record export has been possible due to better coordination between ministry, millers and transporters during Covid-19 pandemic.

“Export shot up due to sustained demand at global market,” Singh said.

The highest sugar export before this was in 2007-08 when India shipped 4.9 million tonnes.

Singh said sugar export was likely to be in the same range in the next season also.

“We expect production of 32.5 million tonnes of sugar next season (October 2020-September 2021) with surplus of 6-6.5 million tonnes. The carryover stock of 1 million tonnes will further raise need for exports,” he said.

The government’s decision to extend subsidy of Rs 6,268 crore for export of 6 million tonnes sugar also encouraged mills to ship excess sugar.

Exports have risen due to opening up of Indonesian market for the first time and Malaysian market after long time. The traditional markets like East Africa, Bangladesh and Middle East also reacted positively during Covid pandemic.

“Due to drastic drop of sugar output in Thailand owing to drought, Indonesia and Malaysia which are primarily served by Thailand, had to import sugar from India. Apart from that, Iran also imported sugar in large quantities. Iranian and Indonesian imports together comprise 1.2 million tonnes while Malaysia imported sweetener in small quantity,” said Abinash Verma, director general, ISMA, an industry body.

He said that the global price of imported sugar ranged between Rs 19-23 per kg ex mill making imports viable.

“Rupee deprecation also helped the cause. Now, India has been able to instil trust among global importers that the country can consistently import 5-6 million tonnes without putting pressure on prices,” Verma said.


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Date: 06-10-2020
Instruction No. 18/2020-Customs
Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit –regarding

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001