India's sugar mills likely to achieve over 80% of its export quota

The government had allocated 6 million tonnes of sugar quota among 530 mills spread across in the country, depending on their crushing capacity and records

India is likely to achieve over 80 per cent of its export quota allocated for the sugar season October 2019–September 2020, following a sharp rise in global sugar prices after the forecast of a supply deficit. Sugar prices, however, have moderated in the past few days amid reduced demand in view of the coronavirus outbreak.

The government had allocated 6 million tonnes (MT) of sugar quota among 530 mills spread across in the country, depending on their crushing capacity and records, under the maximum admissible export quota (MAEQ). Of this, sugar mills have already cumulatively contracted for around 3.5 MT and