"Last
year it was Rs 3,300 per tonne then it came down to Rs 2,200 and then it was
revised to Rs 3,371 ." The India government
might provide export incentives for about 14 lakh tonne of sugar, Ramvilas
Paswan, food minister, said here on Wednesday. "Our department's view is
that we should provide subsidy for raw sugar exports and we have circulated the
paper in the Cabinet for a meeting," said Paswan while inaugurating the
13th Commodity Futures Market Summit organized by The ASSOCHAM. "Till now
our opening stock is about 72 lakh tonne and our production target is 250 lakh
tonne which might increase, while 248 lakh tonne is for consumption so with
remaining two lakh tonne we will have total sugar surplus of about 74 lakh
tonne but since October-December is slack season so we need to keep sugar stock
with us and if we keep about 20 lakh tonne for each month than it would
come to 60 lakh tonne and so the remaining 14 lakh tonne could be
exported," informed the minister. On the announcement of sugar subsidy
scheme, Paswan said, "Last year it was Rs 3,300 per tonne then it came
down to Rs 2,200 and then it was revised to Rs 3,371 and now we are working on
how much we can keep this time round." With regards to payment of arrears
due to sugar farmers by millers, the minister said, "Central government's
hands are tied in this regard but we are giving facilities whatever they had
asked for."
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