Govt imposes curbs on sugar exports from June 1

May 25, 2022 00:25

The government on Tuesday imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise.

"Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards," the Directorate General of Foreign Trade said in a notification.

However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ.

A specified amount of sugar is exported to these regions under CXL and TRQ.

In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has decided to regulate the sugar exports with effect from June 1.

"The government has decided to allow export of sugar up to 100 lakh metric tonne with a view to maintain the domestic availability and price stability during the sugar season 2021-22 (October-September)," it said. -- PTI

« Back to LIVE

TOP STORIES

Kerala woman cadet onboard ship seized by Iran returns home

At the airport, Joseph was received by the regional passport officer.

SC sets aside T'gana HC order declaring 106 acre of forest land as private

The humans have "selective amnesia" about the significance of forests, the Supreme Court said on Thursday while advocating the need for a change in approach towards natural resources from anthropocentric to ecocentric.

'Sun will rise tomorrow!' Curran vows PBKS' turnaround

Stand-in captain Sam Curran lauded the efforts of Ashutosh Sharma and Shashank Singh, who displayed remarkable composure in a high-pressure chase.

Hardik admits MI nerves 'tested' in thrilling win

The MI skipper was full of praise for Ashutosh's whirlwind knock, which kept PBKS in the hunt till the end.

Shooters surveyed Salman's Panvel farmhouse before Bandra house attack

Two men arrested for firing outside Bollywood superstar Salman Khan's residence in Mumbai had conducted a survey of his farm house at Panvel in adjoining Raigad district four days before the shooting incident, police said on Thursday.