This will likely be permitted under the advanced authorization scheme, a government official said. Under AAS, refineries can import raw sugar and export refined sugar after value addition.
India, which surpassed Brazil in the 2021-22 season to become the world's largest sugar producer and secondlargest exporter, imposed export controls in October last year. This was later extended beyond October 2023 due to an expected decline in production.
"Although India will have sufficient availability for domestic consumption, there may not be any surplus quantity for exports due to anticipated lower production this year than the previous year," said the official.
Bu hikaye Mint Mumbai dergisinin December 14, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 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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