Your sweetness will not decrease in festivals, the government is going to take this big step

In this festive season, the government is planning to cut the export quota so that the sugar prices do not spoil your sweetness.

The month of October in India has been known for festivals. The government is making every effort to bring inflation under control. Sugar is a very important item in your kitchen during festivals. It is often seen that the price of sugar increases during festivals. In this festive season, the government is planning to cut the export quota so that the sugar prices do not spoil your sweetness. This will not reduce your sweetness in this festive season, but with the efforts of the government, this sweetness will be increased further.

Actually, the new marketing year of sugar has started from October 1. Under this, there is no shortage of supply in the festive season and the price does not increase, so the government can cut the export quota by 28 percent. According to media reports, the government is working on this plan. In order to maintain better domestic supply system, the government may impose a limit on sugar exports at 8 million tonnes in 2022-23. With the imposition of this limit, more than 8 million sugar will not be able to be exported from India. With this, the figure of export of sugar can reach 11.2 million tonnes in the concluded sugar year.

Government can make big bets

The government can bet $ 1.2 trillion to woo China’s factory in India. In order to maintain the supply of sugar in the domestic market, the government had allowed an additional export of 1.2 million tonnes in view of the sufficient availability of sugar in the country. Regarding this matter, the Indian Sugar Mills Association says that the production of sugar in the last sugar year is expected to be 35.5 million tonnes. Let us tell you that these days ethanol is also being made from sugarcane juice, due to which a lot of impact is being seen on the production of sugar. In the coming days, the consumption of sugar in India can be 27.5 million tonnes, due to this there is a scope for export of 8 million tonnes of sugar. In the last sugar year, there is a stock of six million tonnes of sugar. Because of this, 8 million tonnes of sugar can be exported in the current sugar year.

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Know when and how much was exported?

Now the government can soon take a big step and limit the export capacity of sugar to 8 million tonnes. Due to which there will not be much shortage of sugar in the country, by limiting the export of sugar, sugar will be available in sufficient quantity in the country. This will also give relief to the common people from the rising prices of sugar. And the budget of their kitchen will also not be spoiled. Let us inform that in the year 2018, 0.62 million tonnes of sugar was exported in India. In 2018-19, 3.8 million tonnes of sugar was exported. In the year 2019-20, India exported about six million tonnes of sugar. In the year 2020-21, the target of sugar export was six million tonnes, but seven million tonnes of sugar was exported, but now the government is going to take a new step, it will not be able to export sugar more than the limit and supply of sugar in the country. There will be no shortage and neither will the price increase.