Towards the export concentrate on of 6 million tonnes (mt), sugar mills have entered into contracts for about seven mt in the recent sugar period and around 6 mt of sugar have presently been exported, an official assertion said on Thursday.
“Some sugar mills have also signed ahead contracts for exports in ensuing sugar period starting Oct. Export of sugar has served in maintaining demand-supply balance and stabilising domestic ex-mill price ranges of sugar,” the assertion said.
According to the assertion, issued by the Ministry of Client Affairs, Food stuff and Community Distribution, sugar mills ordered sugarcane value ₹91,000 crore in the recent period ending September.
“In the recent sugar period, sugarcane value a report ₹90,872 crore has been ordered by sugar mills and about ₹81,963 crore cane dues have been paid out to farmers. Only ₹8,909 crore cane arrears are pending as on August 16. Improve in export and