Centre May Allow Additional Sugar Exports.

The government may consider allowing more sugar exports provided prices in the retail markets remain stable, food minister K V Thomas said today, after meeting Maharashtra Chief Minister Prithviraj Chavan.

Sugar mills in Maharashtra, the largest sugar producing state in the country, have been demanding that the government should allow export of two million tonnes of sugar.

While, the government had allowed export of an additional 500,000 tonnes of sugar in June following demand from millers, in April, it had allowed export of another 500,000 tonnes of sugar. In total, it has allowed export of 1 million tonnes of sugar in the current crop marketing year that ends in September.

In Kolhapur, a key sugar market in the country, prices of the most traded S-variety rose by 1.33 per cent to Rs 2,672 ($59.78) per 100 kg today.

Source : Sify.com