Govt Extends Deadline For Sugar Export Licence For Mills.

The government has extended the deadline for sugar mills to seek permission to export sugar from their own production of 2010-11 by fifteen days.

The deadline for mills to seek the food ministry’s permission for allowing export ended on May 18. However, many mills, mainly cooperative sugar mills were pressing for extension of the deadline due to procedural problems. “We have extended the deadline by 15 days,” a senior food ministry official said. The sugar crop year runs from October to September.

The government last month, allowed export of 4.45 lakh tonne of sugar under open general licences (OGL). However, till last week, mills had sought permission to export 253,000 lakh tonnes of sugar against the available quota of 445,000 lakh tonnes

The quota was allocated to 490 mills on the basis of their average production during the last three years. As per the notification, the last date for submission for applications by mills opting to export sugar from their own production is May 18. However, the deadline for mills opting to source sugar for export from other factories is June 2.

Source : Sify.com