Summary:
Of the 12 lakh tonne of sugar that left the country, Maharashtra saw contracts of around 3 lakh tonne; 2.24 lakh tonne of sugar have already left the shores. SUGAR EXPORTS, meant to help mills generate liquidity and reduce the glut in the domestic market, has not generated much response from the industry. However, as the crushing season enters its last leg, production of raw sugar will almost stop. Sanjay Khatal, managing director of the Maharashtra state cooperative sugar factories federation, said more contracts will be executed once the Chinese market for raw sugar opens up for the country. To date, 12 lakh tonne of sugar have left Indian shores with industry sources estimating that the final figure of exports could touch around 25 to 30 lakh tonne by the end of September..