Govt Allows 1.5 Million Tonne Sugar Exports for FY26, Removes Molasses Duty | Current Affairs | Vision IAS

Daily News Summary

Get concise and efficient summaries of key articles from prominent newspapers. Our daily news digest ensures quick reading and easy understanding, helping you stay informed about important events and developments without spending hours going through full articles. Perfect for focused and timely updates.

News Summary

Sun Mon Tue Wed Thu Fri Sat

    Govt Allows 1.5 Million Tonne Sugar Exports for FY26, Removes Molasses Duty

    1 min read

    Export Decision for Sugar Season 2025-26

    The Indian government has made a strategic decision regarding sugar exports for the 2025-26 sugar season, which commenced in October.

    • The Centre will allow the export of 1.5 million tonnes (MT) of sugar.
    • Additionally, there will be a removal of 50% export duty on molasses.

    Communications and Industry Response

    This decision was communicated by Food Minister Pralhad Joshi in a letter dated November 7 to Karnataka Chief Minister Siddaramaiah, highlighting efforts to support sugarcane farmers.

    • The sugar industry had requested an export allowance of 2 MT, which was higher than the approved amount.

    Previous Season's Exports and Surplus

    • In the 2024-25 sugar season, India exported approximately 800,000 tonnes of sugar against an allocation of 1 MT.
    • There was an accumulation of surplus stocks due to lower than expected diversion to ethanol production.

    Ethanol Production and Future Expectations

    • Sugar mills diverted only 3.4 MT of sugar for ethanol production, falling short of the projected 4.5 MT.
    • For the 2025-26 season, sugar production is estimated at 34 MT compared to the annual domestic demand of 28.5 MT.
    • Tags :
    • Sugar Exports
    Subscribe for Premium Features

    Quick Start

    Use our Quick Start guide to learn about everything this platform can do for you.
    Get Started