
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:
- 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.
Guided by the visionary leadership of Hon'ble PM Shri @narendramodi ji, the Government of India has approved a 10 LMT sugar export quota for 2024-25.
This ensures price stability, supports 5 crore farmer families, 5 lakh workers, and strengthens the sugar sector. pic.twitter.com/Y4tYl0ebYn
— Pralhad Joshi (@JoshiPralhad) January 20, 2025
Conclusion:
This allocation marks another step toward reinforcing the government’s commitment to empowering farmers and ensuring sustainable growth in the sugar sector.