Sugar mills foresee output spike, want 8 mn tonne OGL exports next season

Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices

In view of the expected surge in sugar production in the coming 2022-23 season that starts in October, sugar mills have urged the Centre to revisit its ongoing export policy and allow exports of about 8 million tonnes of the sweetener under Open General License (OGL) to maintain stable domestic market conditions.

According to sources, the Indian Sugar Mills Association (ISMA) stated in a letter to the government a few days ago, that sugarcane acreage in the 2022-23 season is expected to be around 2 per cent higher than the current year. This, along with the likelihood of a normal