India Approves 1 Million Tonne Sugar Export for 2024-25 Season

The Indian government has permitted the export of 1 million tonnes of sugar for the 2024-25 season. This move aims to stabilize prices and support farmers and workers in the sugar industry. The approval comes after last season's complete export restriction due to domestic supply issues.

In a significant policy shift, the Indian government has authorized the export of 1 million tonnes of sugar for the 2024-25 season, which concludes in September. This strategic decision was announced by Food Minister Pralhad Joshi in a social media post and aims to ensure price stability.

The export allocation is set to benefit approximately five crore farmer families and five lakh industry workers, highlighting the government's commitment to strengthening the sugar sector. Minister Joshi emphasized the positive impact of this decision on both the agricultural and manufacturing facets of the industry.

Last season saw a complete halt in sugar exports due to concerns over domestic supply. This latest move marks a turnaround in policy, as reflected in the Food Ministry's recent order which details the sugar mill-wise allocation of the export quota.

(With inputs from agencies.)