{"id":127517,"date":"2021-08-20T20:47:00","date_gmt":"2021-08-20T15:17:00","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=127517"},"modified":"2021-08-21T16:29:39","modified_gmt":"2021-08-21T10:59:39","slug":"govt-announces-incentive-for-mills-exporting-sugar-diverting-it-to-ethanol","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/govt-announces-incentive-for-mills-exporting-sugar-diverting-it-to-ethanol\/","title":{"rendered":"Govt announces incentive for mills exporting sugar, diverting it to ethanol"},"content":{"rendered":"

Source: <\/b>PIB<\/b><\/a><\/p>\n

Introduction<\/b><\/h5>\n

The Government of India <\/span>is taking proactive measures to boost the export of surplus sugar & diversion of sugar to ethanol. The move is to ensure timely payment of cane dues of sugarcane farmers and to boost the agricultural economy.<\/span><\/p>\n

Measures taken by Government for Sugar Industry:<\/b><\/h5>\n
    \n
  1. India is the world’s second-largest sugar-producing country. <\/b>It had to offer export subsidies in the past two years to reduce surplus stocks and help cash-starved sugar mills clear cane payment to growers.<\/span><\/li>\n
  2. However, the global sugar prices<\/strong>\u00a0<\/strong>have increased substantially in the past one month, and there is a huge demand for Indian raw sugar.<\/span><\/li>\n
  3. Accordingly, the Government has asked<\/strong> domestic sugar mills to export sugar and sign forward contracts with the importers to take advantage of high international prices of sugar.<\/span>\n