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India to allow 6m tonnes of sugar exports in 2022-23

Agencies
05 Nov 2022 21:01:17 | Update: 05 Nov 2022 21:40:15
India to allow 6m tonnes of sugar exports in 2022-23
— Representational Image/Unsplash

India will allow the export of 6 million tonnes of sugar in 2022/23, in line with market expectations, as the country's production is set to jump to a record high for the second straight year, the government said on Saturday.

The country is the world's biggest producer of sugar and the second biggest exporter of the sweetener, reports Reuters.

New Delhi has allocated 6 million tonnes of sugar to mills based on their production in the past three years, the government said in a notification.

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