Centre yet to decide on export subsidy for sugar
The sugar crushing season is now well under way, but mill owners are starting to get antsy about the government’s delay in deciding whether or not export and buffer stock subsidy schemes will be extended this year. Food Ministry officials say the policy is still under consideration, and admit that more than ₹5,000 crore worth of payment to mills from last year’s export subsidy scheme is still pending due to insufficient budgetary allocations. “Decisions regarding export policy along with export subsidy for the sugar year 2020-21 and creation of buffer stock along with buffer subsidy are still awaited from the government. During the last season 2019-20, about 2 lakh tonnes of sugar had already been shipped out for exports on the corresponding date.” In his first press conference as Food Minister on October 30, Piyush Goyal had said that sugar export subsidies were not under consideration as international prices are stable, adding that government would re-examine the proposal if needed.
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