Allow export of 2 million tonnes sugar in 2024-25: WISMA

Private sugar millers are urging the government to permit the export of two million tonnes of sugar in the upcoming 2024-25 season due to an anticipated surplus in sugar stocks. Maharashtra's sugar production is forecasted to decrease by 10% primarily due to reduced cane acreage. Industry associations are calling for a revision of the minimum selling price of sugar and loan restructuring to address financial challenges. Delays in the ethanol policy have exacerbated liquidity issues for sugar mills, necessitating prompt government action to alleviate the sector's financial strains.