Having notified its plan to control sugar exports to maintain native provides regular, the meals ministry has requested the sugar mills to hunt permits from the directorate of sugar to ship out the sweetener between June 1 and October 31, and file particulars of despatches with the directorate’s portal each day.
However, re-exports of refined sugar, made out of uncooked sugar imported underneath the advance authorisation scheme, could not require prior permission, it has mentioned.
In a letter to high executives of sugar mills late Tuesday, the meals ministry has additionally directed them to submit on June 1 a consolidated report on their sugar exports till May 31 this advertising and marketing yr that began from October 1, 2021. “In case of non-submission of these details by any sugar mill, their application for export release orders may not be considered,” the ministry mentioned within the letter.
In a separate letter to all sugar exporters, the ministry mentioned shipments as much as May 31 might be allowed with out prior permission. However, between June 1 and October 31, it will likely be allowed solely via export launch orders (permits).
“Further, in case of exports through bulk or break-bulk vessels, if the shipping bill is filed and the vessels have already berthed or arrived and anchored in Indian ports and their rotation number has been allocated as of May 31, 2022, such vessel shall continue to proceed for the loading and export of sugar without any approval or release order,” the ministry mentioned within the letter.
Late on Tuesday, the federal government mentioned it is going to regulate sugar exports from June and permit solely as much as 10 million tonne (MT) till October 31, as a precautionary transfer to maintain home provides regular till manufacturing from the subsequent season’s crop hits the market. However, exports to the EU and the US via the tariff charge quota (TRQ) or the CXL are saved outdoors the ambit of the restriction. India has allowed sugar exports of 5,841 tonnes to the EU and 10,475 tonnes to the US underneath the TRQ and CXL quotas.
According to the letter, as soon as their functions for export launch orders (permits) are authorised, mills can’t maintain on to the shares, as they should ship out sugar inside 30 days.
The amount authorised for exports might be over and above the month-to-month quota for home gross sales. So, sugar from this month-to-month quota can’t be diverted for exports.
About 9 MT have been contracted for exports to date this advertising and marketing yr via September. Of this, about 8.2 MT have been dispatched from sugar mills for exports and a document 7.8 MT have been shipped out.
The restriction was imposed as the federal government feared unhindered exports might doubtlessly create a scarcity out there and push up costs, particularly in direction of the tip of the present yr and forward of the competition season in October-November.
India had shipped out solely 6.2 lakh tonnes (LT) within the advertising and marketing yr 2017-18, 38 LT in 2018-19 and 59.60 LT in 2019-20. Last yr, in opposition to a goal of 60 LT, about 70 LT have been exported.
The choice will make sure that the closing inventory of sugar on the finish of the present advertising and marketing yr (September 30) stays 60-65 LT, which is sufficient for 2-3 months’ of consumption (the month-to-month requirement is about 24 LT in these months).
Cane crushing season begins within the final week of October in Karnataka and Maharashtra and in November in Uttar Pradesh. So, as much as November, the availability of sugar usually takes place from the earlier yr’s shares.
Source: www.financialexpress.com”