Sugar mills can currently apply for an export quota under the restricted category, but moving to the prohibited category would mean a complete export ban.
"Sugar output is expected to fall to 30 million tonnes (mt) in the 2023-24 sugar season against domestic consumption of 27.5-28 mt due to El Nino compromising monsoon rain in August," one of the officials said. "However, El Niño is anticipated to strengthen through 2023-24, which could lead to intensification of dry conditions during the next sugar season. This may lead to a further decline in sugar production during the 2024-25 season," the official added.
The El Nino weather pattern made August the driest in more than a century. Rainfall during the month was 161.7 mm, the lowest since 1901.
Bu hikaye Mint Mumbai dergisinin October 14, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin October 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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