| Date: |
10-05-2011 |
| Subject: |
Govt Approves 91,685 Tonnes Of Sugar Exports |
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The Indian government has approved exports of 91,685 tonnes of sugar as part of planned 500,000 tonnes of overseas sales, government sources said on Monday.
The food ministry had permitted 92 mills to ship out 91,685 tonnes, they said.
India's food ministry has distributed the quota of 500,000 tonnes among mills on the basis of their three years' average output, or two years' average production in cases where a mill has not been in operation in one of three years.
If a mill is only a year old, the government will take into account last year's output. Any mill set up in 2010/11 will not be allowed to export.
Of the 500,000 tonnes, 51,500 tonnes have been set aside for sales to neighbouring countries.
Source : economictimes.indiatimes.com
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