 "From the 2018-19 sugarcane season starting October, the Centre not only increased the base recovery rate from 9.5 to 10 per cent, but also raised the premium extra yield in sugar from Rs 2.68 per quintal to Rs 2.75 a quintal")
With the next sugarcane crushing season slated to begin after Diwali, the sugar exports have largely remained muted on global sugar glut and low prices in the international market.
Owing to the continuing streak of subdued sugar prices internationally, less than 4 million tonnes (MT) or only 80% of the total sugar export quota of 5 MT for 2018-19 sugar season has so far been clocked.
At present, the ex-mill prices of raw and white sugar in Uttar Pradesh, the country's top sugar producer, stands at nearly Rs 18 per kg and Rs 19-19.5 per kg respectively, depending upon the distance from
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