The sweetness of sugar should not reduce during festivals and its prices should not increase further. The government has made a big announcement for this. The Director General of Foreign Trade has announced that the ban on sugar export will continue until further orders. In fact, sugar prices have been continuously increasing for the last few months.
The government had imposed a ban on export of sugar till 31 October. Now it has been put forward for the next order. The aim of the government is to ensure that people do not face shortage of sugar during the festival, hence this decision has been taken.
The order will not apply to them
The Director General of Foreign Trade issued a notification on Wednesday saying that the ban on export of raw sugar, white sugar, mixed sugar and organic sugar has been extended beyond October 31, 2023. Apart from this, there has been no change in the remaining conditions. In the notification issued by the government, it has been made clear that these bans will not apply to sugar sent to the European Union and America under CXL and TRQ duty exemption quota. A certain quantity of sugar is exported under CXL and TRQ (Tariff Rate Quota).
India is the largest producing country
India is the largest producer and second largest exporter of sugar in the world. Under the banned category, an exporter needs to obtain a license or permission from the government to export sugar. The government is monitoring the sugar situation in the entire country. This includes price trends in sugar production, consumption, exports, wholesale and retail markets. It is expected that this step of the government will not reduce the sweetness of your plate during festivals.
Source: www.tv9hindi.com
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