Commerce Ministry relaxed the Conditions for Sugar Exports

May 17, 2012, 18:22 IST

Economy Current Affairs 2012. The Commerce Ministry, on 16 May 2012, relaxed conditions for sugar exports by raising the quota to 25000 tonnes from 10000 tonnes

The Commerce Ministry, on 16 May 2012, relaxed conditions for sugar exports by raising the quota to 25000 tonnes from 10000 tonnes.

Both the Food Ministry and the Directorate General of Foreign Trade (DGFT) issued separate notifications related to the decision. Exports were permitted as the country's sugar output is expected to touch 26 million tonnes in 2011-12, higher than the annual demand of 21.5-22 million tonnes.

The notification comes following the Food Ministry’s formal order issued on 15 May 2012 allowing sugar export without any quantitative restrictions.

Jagran Josh
Jagran Josh

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