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Sugar exports seen hitting record high

Sugar millers have signed contracts for 52 lakh tonnes and 48 lakh tonnes have already moved out, and given the fact that millers have time till September 2020 to ship out sugar, exports could hit a high of 55 lakh tonnes for the season of 2019-20, according to Mr Prakash Naiknavare, MD, National Federation of Cooperative Sugar Factories (NFCSF).

 Exports had touched a high of 49 lakh tonnes in 2007-08, of which Maharashtra’s share was 29 lakh tonnes. Exports in 2018-19 were 38 lakh tonnes and 6.4 lakh tonnes the year before, said a report.

The major demand has come from Iran, Indonesia and Bangladesh; Malaysia for the first time

The major demand has come from Iran, Indonesia and Bangladesh. Significant quantities also went to Malaysia for the first time and all niche African markets, the report added.

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