Government allocates 10 LMT sugar export quota for 2024-25 to stabilize prices and support farmers

Under the leadership of Prime Minister Shri Narendra Modi, the Government of India has approved a 10 Lakh Metric Tonnes (LMT) sugar export quota for FY 2024-25. The decision aims to stabilize sugar prices, ensure timely payments to farmers, and support the sugar industry.

Key Highlights:

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  • Purpose:
    • Stabilize domestic sugar prices.
    • Ensure timely payment of dues to sugarcane farmers.
  • Quota: 10 LMT of sugar allocated for export in FY 2024-25.

Beneficiaries:

  • Farmers: 5 crore sugarcane farmer families will benefit.
  • Workers: 5 lakh sugar mill workers stand to gain.

Impact:

  • Boosts liquidity for sugar mills.
  • Ensures timely payment of sugarcane dues to farmers.
  • Balances sugar availability in the domestic market while maintaining stable prices for consumers.

Statement from Union Minister:

Union Minister of Consumer Affairs, Food and Public Distribution, Shri Pralhad Joshi, confirmed the approval and highlighted that the initiative strengthens the sugar sector while safeguarding farmer interests.

Conclusion:

This allocation marks another step toward reinforcing the government’s commitment to empowering farmers and ensuring sustainable growth in the sugar sector.