New Delhi: The government said on 21 December it may consider extending the export subsidy given to the sugar industry by one more year as the country is all set to achieve a record production of over 30 million tonnes in the 2007-08 season.
“Let us see what the total export will be in the sugar season. It looks like we have already crossed about 1.5 million tonnes of export and if this trend continues we will also definitely give serious thought to extension by another one year,” Agriculture and Food Minister Sharad Pawar told reporters here.
He was speaking on the sidelines of 73rd annual general meeting of Indian Sugar Mills Association (ISMA).
The export sops announced by the Centre early this year is valid till April 2008. The government is defraying internal transport, handling and marketing charges and ocean freight on sugar exports at Rs1,350 a tonne for mills located in coastal area and Rs1,450 for non-coastal states.