Maharashtra's Sugar Industry Faces Setback Due to Export Ban
Ban on exports jolts state’s sugar industry
Hindustan Times
Image: Hindustan Times
The Indian government's ban on sugar exports until September 30 has severely impacted Maharashtra's sugar industry, which is one of the largest producers in the country. The ban, imposed mid-export season, halts over 30% of the state's export quota, threatening liquidity for sugar factories and payments to farmers.
- 01The export ban affects over 30% of Maharashtra's sugar export quota.
- 02Maharashtra's sugar production increased by 1.8 million tonnes this year.
- 03Industry leaders criticize the ban as economically damaging.
- 04The ban could lead to liquidity issues for sugar factories and affect farmer payments.
- 05Protests have erupted over the broader agricultural crisis in Maharashtra.
Advertisement
In-Article Ad
The Indian government's recent decision to ban sugar exports until September 30 has struck a significant blow to Maharashtra's sugar industry, one of the top two producers in the country. This ban, imposed during the export season, halts over 30% of the state's sanctioned sugar export quota of 488,000 tonnes. Maharashtra's sugar production has increased by 1.8 million tonnes compared to last year, but the ban threatens to create a liquidity crunch for sugar factories, impacting their ability to pay sugarcane farmers. Industry experts argue that the ban is unwarranted and could tarnish the country's image in international markets. Criticism has come from political figures such as Sharad Pawar, president of the Nationalist Congress Party, who labeled the ban as
Advertisement
In-Article Ad
The export ban threatens the livelihoods of sugarcane farmers in Maharashtra by limiting the cash flow to sugar factories, which may lead to delayed payments.
Advertisement
In-Article Ad
Reader Poll
Do you support the government's decision to ban sugar exports?
Connecting to poll...
Read the original article
Visit the source for the complete story.