New Delhi: India’s sugar exports reached 2.868 million in the current marketing year due to various incentives announced by the government, All India Sugar Trade Association said.
Mills exported 2,868,533 tonne from October 1, 2019 till April 4, 2020, the association said.
India exported sugar to 58 countries, but 65 per cent of the total shipments were to Iran, Somalia, Malaysia, Sri Lanka and Afghanistan.
Mills have contracted to export 38 lakh tonne of sugar so far, AISTA said in a statement.
The government has allowed export of 6 million tonnes of sugar under Maximum Admissible Export Quota (MAEQ) during the 2019-20 marketing year to liquidate surplus sugar in the global markets.
Industry body ISMA had earlier said that India’s sugar export may cross 50 lakh tonnes in the marketing year ending September on higher demand.
The country had exported 38 lakh tonnes during the 2018-19 marketing year.