Sugar (Sucrose) is known to provide sweetness to food and is one of the most commonly traded agro-commodity worldwide. When it comes to trading sugar, the quality of sugar can be classified in 2 varieties, raw, and refined sugar.
Government of India had imposed restrictions on sugar exports effective from June 1 to control prices and maintain adequacy of sugar in domestic market. Now GOI has approved export of 1.2 MT extra sugar this season as high production next season is expected. This season 10 MT sugar has already been exported and this new quota is additional. Thus total sugar outflows will be 11 MT this season making it highest ever. This new quota is a recent approval of group of ministers.
